Henry Chung, Partner. Mobile: 64199999
Why choosing DRP - Debt Relief Plan ?

Bankruptcy Disadvantages

  • must inform the lender his bankrupt identity when borrowing a sum over $100
  • bad credit rating even after bankrupt discharge
  • cannot live in extravagance during bankruptcy period
  • must pay to the estate's Trustee the money in excess of the living expenses
  • some professional qualifications have to be suspended from practice
  • not permitted to travel for vacation on own money
  • life policy cash value be surrendered to the estate to become asset for paying to creditors
  • giving to the Trustee/Official Receiver a good account of the financial position before bankrupt
  • explain to the Trustee/Official Receiver  "unfair preference", if any
  • explain to the Trustee/Official Receiver  "transactions undervalue or gifts" made prior to bankruptcy
葉謝鄧律師行 | 中國銀行指定律師行名單 | 買一手樓 $4900,居屋贖樓$1800,轉按律師費$4500,加按律師費$4500 | Call/WhatsApp 66899999