What about Hong Kong's bankruptcy debt?

Legal analysis: it depends on personal bankruptcy or enterprise bankruptcy. If the enterprise goes bankrupt, you don't have to pay it back; If an individual goes bankrupt, there will be a deadline afterwards. The income during this period should be distributed by an organization, which reserves the necessary living expenses for you and others pay your debts.

Legal basis: Article 3 of Chapter II of the Bankruptcy Ordinance of Hong Kong.

(f) Any person fails to pay off his debts by submitting a statement to the court, or declares himself bankrupt. ?

(g) Where the creditor has not stopped executing the debts owed by the debtor after the final judgment or ruling, the bankruptcy notice stipulated in this example is served on the debtor in Hong Kong or in other places with the permission of the court, but the debtor still fails to comply with the notice within seven days after receiving the notice in Hong Kong, or fails to file a counterclaim after receiving the notice in other places, or fails to ask for the offset or repayment of the debts equal to or exceeding the original claim, and fails to provide reasons satisfactory to the court, so that he cannot present evidence to the contrary in the original case. For the purpose of implementing the provisions of this Article and Article 4, any person who enjoys the right to execute the final judgment or ruling at that time is deemed to have won the final judgment or ruling? . ?

(Xin) The debtor informs the creditor that it has stopped or will stop paying off the debts owed. ?

(2) In this case, the term "debtor" should include any person who has one of the following circumstances at the time of bankruptcy, whether he is British or not.

(a) his family is in Hong Kong; ?

(Ugly) People who often live in Hong Kong or have apartments in Hong Kong. ?

(iii) a person is engaged in business or entrusted to an agent or manager in Hong Kong.

(d) the person is a partner or partner of the local commercial store number.