Man Ming Solicitors
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Debt & Insolvency Law

Bankruptcy Application
Assess restructuring before bankruptcy

Timely legal intervention is critical when facing financial distress. We represent debtors, creditors and banks in bankruptcy proceedings. Before bankruptcy, we prioritise IVA and DRP alternatives.

  • Registered Hong Kong solicitors — not agents or debt collectors
  • Transparent fees explained upfront
  • WhatsApp consultation first, then office meeting
  • Experienced in IVA, DRP, IDRP and bankruptcy

For general reference only — not legal advice. Outcomes vary by case.

Are You Facing These Situations?

01

Unmanageable Debt

Repayments exceed income with no realistic end.

02

Multiple Creditors

Credit cards, loans and finance companies pursuing payment.

03

Legal Documents

Statutory demands, solicitor letters or bankruptcy threats.

How We Can Help

What to Consider Before Bankruptcy

Bankruptcy affects professional qualifications, credit records and travel. We recommend fully assessing IVA, DRP and IDRP feasibility first.

Our Services

Personal bankruptcy petitions, Official Receiver liaison, discharge applications, winding-up and schemes of arrangement.

Personal bankruptcy in Hong Kong is governed by the Bankruptcy Ordinance. After filing with the High Court, the Official Receiver takes control of assets for creditor distribution. Bankruptcy is not the only option — we first assess IVA and DRP feasibility and only recommend bankruptcy when necessary.

Who Is This For?

  • Debt far exceeds assets and income; IVA/DRP not viable
  • Received a bankruptcy petition or considering voluntary bankruptcy
  • Seeking lawful debt discharge for a fresh financial start

What to Prepare

  • List of creditors, amounts owed and collection letters
  • Bank statements and income proof (3–6 months)
  • Asset and liability schedule (property, vehicles, policies)

IVA, DRP or Bankruptcy?

Often First

IVA

  • Court-supervised; creditor vote required
  • 75%+ debt value approval needed
  • Typically 3–5 year instalments
  • Avoids bankruptcy; more autonomy

DRP / IDRP

  • Direct negotiation with banks/finance cos.
  • No court approval required
  • Aims to reduce interest and extend terms
  • IDRP consolidates multiple creditors

Bankruptcy

  • Petition filed with the court
  • Official Receiver takes control of assets
  • Discharge typically after 4 years
  • Last resort when restructuring fails

Typical Timeline

Initial assessment1–3 business days
File petitionDepends on document readiness
Bankruptcy orderSubject to court listing
DischargeTypically 4 years (early discharge possible)

Practical Tips & Fees

  • Do not transfer assets or prefer certain creditors before bankruptcy — this may be unlawful.
  • Respond to statutory demands within the deadline to avoid accelerated proceedings.
  • Assess whether IVA or DRP may suit your situation before bankruptcy.

We offer transparent fees. After your WhatsApp consultation, we explain estimated solicitor fees and disbursements based on case complexity — no hidden charges.

Our Process

1

WhatsApp Consultation

Understand your case in confidence.

2

Legal Analysis

Solicitors assess options and risks.

3

Negotiation or Litigation

Negotiate with parties, insurers or the court.

4

Follow Through

Progress updates until resolution.

Professional Credentials

Statutory Procedures

Proceedings under Hong Kong law and court rules.

Full Assessment

All options assessed before recommending bankruptcy.

Why Choose a Solicitors' Firm?

  • Solicitors are regulated by Hong Kong professional bodies
  • We can issue formal letters, commence proceedings and attend hearings
  • Formal procedures with legally effective documentation

Frequently Asked Questions

Yes. You may remain employed, though part of income may be distributed. Some professions (directorships, licensed roles) may be restricted — we explain based on your circumstances.

Related Services

Debt Restructuring (IVA)Debt Relief (DRP)Interbank Debt Relief (IDRP)

Contact Us on WhatsApp

Our team at Man Ming Solicitors will assess your case and arrange a meeting.

Room 601, 6/F, Block B, New Mandarin Plaza, 14 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong

Information on this website is for general reference only and does not constitute legal advice. Every case is different — please consult a qualified solicitor.

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Collaborative Partners

Cross-professional collaboration for comprehensive legal and financial support

Professional Accounting · Auditing · Tax Compliance

On Yip & Co. International provides bookkeeping, statutory auditing, profits tax and salaries tax filing for local businesses and individuals. In bankruptcy, IVA, debt relief and commercial dispute matters, clear and accurate financial records are often critical to progressing proceedings smoothly.

Man Ming Solicitors works with On Yip & Co. International where needed to help clients prepare balance sheets, income records and financial documents for creditors, the court or the Official Receiver — aligning legal strategy with financial evidence for more efficient one-stop support.

  • Bookkeeping & financial statements
  • Statutory audit & tax filing
  • Case financial document preparation

Collaborative partners are independent professional institutions. Our introduction facilitates access to relevant services and does not constitute a guarantee of service quality.

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