• Successful Case (with legal actions involved)

    Creditor:

     A personal client 
    Debtor:

    A company of limited liability 
    Outstanding Amt:

    HK$950,000 
    Type of debt:

    Deposit of property purchase 
    Case Background:

     

    The creditor purchased two properties of $9.5 million in December 2010. Upon signing of temporary purchase agreement, he gave the vendor, a limited company, a deposit of $950,000. When preparing the formal purchase agreement, the creditor, however, was informed that a liquidation petition was filed against the limited company. All its bank accounts and properties were frozen accordingly. 
    Collection Progress:
    • Get to know the background of the debtor and the reasons of liquidation petition.
    • Our lawyers made enquiries into the properties and learned more information from the bank.
    • We discussed with the debtor about how to resolve the case. 
    Result:

    After the mediation of our lawyers, the debtor and its banks agreed to return the deposit to the creditor. 


  • Successful Case (with legal actions involved)

    Creditor:

    A web design company
    Debtor:

    A USA-owned company
    Outstanding Amt:

    HK$130,000 
    Type of debt:

    Wed design fee
    Case Background:

     

    The creditor designed a website for a USA-owned company. After project, it issued an invoice to the debtor, who suddenly closed down. The person-in-charge returned to its headquarters in the United States and had no reply to the creditor’s email for months.
    Collection Progress:
    • Searched the background of the company in USA.
    • Our lawyers issued legal letter to the company headquarters in USA directly.
    • The company headquarters proposed a resolution to the creditors. 
    Result:

    After negotiations, the creditor collected $100,000 for the project.