Topic: Bankruptcy discharge
Former Baccarat owner fails to annul Hong Kong bankruptcy
The former owner of French luxury crystal manufacturer Baccarat has been rebuked by a Hong Kong court for failing to comply with a bankruptcy order and offering “incredible” explanations for her conduct.
14 March 2023
Fraudulent debt can’t be discharged through bankruptcy, US Supreme Court rules
A debt obtained by fraud cannot be discharged through the US bankruptcy system, the country’s highest court has ruled, even if the debtor is not themselves culpable for the fraudulent act.
22 February 2023
Gibraltarian appeals court overturns Scotsman’s bankruptcy discharge
The Gibraltarian bankruptcy trustees of a Scottish former hedge fund manager have overturned a lower court order discharging his bankruptcy, after an appeals court found the bankrupt’s failure to comply with his statutory obligations to them went “well beyond” a limited failure to evade service.
19 January 2023
Baccarat investor staves off possible UK jail time with last-minute concessions
A Chinese former owner of French luxury crystal manufacturer Baccarat has averted possible jail time in the UK, after brokering an out-of-court deal with her Hong Kong bankruptcy trustees to adjourn a contempt application over her refusal to cooperate with them.
18 January 2023