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 From Hong Kong's Information Services Department
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February 18, 2005
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Receivership

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Bankruptcy petitions down 7.5%
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Official Receivers Office

There were 900 bankruptcy petitions presented in January, down 7.5% from the December figure of 973, a drop of 13.5% compared with the average monthly figure of 1,041 in 2004, the Official Receiver's Office says. 

 

During the month, the court made 852 bankruptcy orders, up 76.4% from the previous month's figure of 483, but a drop of 24.8% on the average monthly figure of 1,133 in 2004.

 

In January 2004, there were 1,046 bankruptcy petitions presented while the court made 1,700 bankruptcy orders.