Simple Guide on Individual Voluntary Arrangement - or O
2024-07-06 16:292.8 Register of IVA The Chairman of the meeting must report the details of the approved IVA including the name, Hong Kong Identity Card Number and address of the debtor, the date on which the IVA is approved by the creditors, and the name and address of the Nominee to the Official Receiver.
Frequently Asked Questions about Individual Voluntary Arrangement - or O
A: Under rule 122W of the Bankruptcy Rules, the Official Receiver is required to maintain a register of IVA, which contains the details of the arrangement such as the name, Hong Kong Identity Card number and address of the debtor; the date on which the arrangement was approved by the creditors; the name and address of the nominee, etc. The register is searchable by members of the public.
Search on Bankruptcy, Individual Voluntary Arrangement (IVA ...
Application for the search service can be made online via internet. Online search facility is available at counter area on 10th Floor, Queensway Government Offices, 66 Queensway, Hong Kong. For details of the online search service, please visit the website at GovHK. Bankruptcy, IVA and Compulsory Winding-up Search How To Do It. Visit GovHK
GovHK: Online Search Service on Bankruptcy, Individual Voluntary ...
Feature article by the Hong Kong Government introducing online search service for bankruptcy and compulsory winding-up records. ... With effect from 1 November 2021, searchers of the IVA register are required to provide their personal information, including name and identification information, and confirm that information obtained from the ...
Individual Voluntary Arrangement | Community Legal Information ... - CLIC
Individual Voluntary Arrangement. ». II. Individual Voluntary Arrangement. In this section, you can find general information on debtors ' individual voluntary arrangements. In IVAs, individual persons can settle their debts through repayment proposals without declaring bankrupt. 1. If a debtor does not want to be bankrupt, then is there any ...
Individual Voluntary Arrangements（IVA） - 黃嘉錫律師事務所
A: The Bankruptcy Ordinance provides for an Individual Voluntary Arrangement (IVA) as an alternative to bankruptcy. Application for IVA may be made by a debtor who has a problem with debt repayment or an undischarged bankrupt. It involves application to the court for an Interim Order during which no bankruptcy petition or other legal ...
Hong Kong Individual Voluntary Arrangement Limited (HKIVA) is a subsidiary of Credit Intelligence Limited, an Australia Stock Exchange Listed Company. HKIVA is one of the leading diversified debt-restructuring business operating in Hong Kong. We provide Individual Voluntary Arrangement (IVA) consultancy services.
The applicant cannot apply for new loan, or take taxi and aircraft at his expense. He cannot travel abroad and need to declare to Official Receiver for every departure from and return to Hong Kong. He needs to notify his insolvency situation to his employer. Bankruptcy will effect his personal life insurance and arrangements.
Yip Tse & Tang Solicitors-Hong Kong lawyers provide various legal ...
In March 2002, Yip, Tse & Tang launched a new debt legal service serving the needs of Hong Kong debtors. The service is known as Individual Voluntary Arrangement (IVA) IVA is a statutory alternative to bankruptcy under the laws (Bankruptcy Ordinance). IVA is a debt restructuring scheme and has the benefit of avoiding bankruptcy.
Dealing with Bankruptcy: Benefits of Using the IVA in Hong Kong
To know more about the Individual Voluntary Arrangement, visit the website of the Official receiver's Office through their page IVA Guide. Other options to avoid bankruptcy in Hong Kong. Apart from the IVA, there are other options that will help you stay away from bankruptcy in Hong Kong. Negotiate with creditors and lenders.
IBC Solutions Limited - IVA Nominee
Recognized IVA Nominee - Mr. James Ng. Most of the citizens of Hong Kong have a basic knowledge of the Independent Voluntary Arrangement (IVA) through introductions by the media. In the service market, there are many different kinds of services organizations including solicitor firms, CPA firms and agents, providing IVA services.
Iva 債務重組計劃程序 | Iva 個人自願安排 - Hkdrpa
所謂的個人自願安排 ( Individual Voluntary Arrangement, IVA ) ，即債務重組計劃，是香港進行債務重組的一種普遍方法，IVA亦是申請「bankruptcy」前可以選擇的一條出路。. 這個IVA個人自願安排方案是根據破產條例6章20條，在本港法例下許可的債項重整方案。. 債務重組 ...
YIP, TSE & TANG, Hong Kong Lawyer & notary. Divorce lawyer ...
In March 2002, Yip, Tse & Tang launched a new debt legal service serving the needs of Hong Kong debtors. The service is known as Individual Voluntary Arrangement (IVA) which is a statutory alternative to bankruptcy under the laws (Bankruptcy Ordinance). IVA is a debt restructuring scheme and has the benefit of avoiding bankruptcy.
Part IVA of the Landlord and Tenant (Consolidation) Ordinance ... - RVD
Hong Kong Island: Central & Western, Eastern, Southern, Wan Chai: New Home Association Hong Kong Island Service Centre: 2807 2188 / 9267 9548 [email protected]: Kowloon West (1) Yau Tsim Mong: Y.T.M. Concern For Livelihood Association: 6257 4590 [email protected]: Kowloon West (2) Sham Shui Po: Hong Kong Single Parents Association: 9813 ...
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Simple Guide on Bankruptcy - Official Receiver's Office - or O
Further information about IVA can be obtained from the Official Receiver's Office and other bodies experienced in insolvency matters such as accountants, solicitors, etc. ... guilty of an offence if he conceals or absents himself from his usual or last known place of abode or business or quits Hong Kong, with intent to avoid service of any ...
PATA: Recovery Rates for Asia Pacific IVA Growth Varied and Uneven to ...
Similarly, Hong Kong SAR, which after falling to the 12th position in the rankings in 2020, is nevertheless expected to return to third place by 2023, irrespective of the scenario. ... moving from almost 48% of the total IVA increase under the mild scenario to 49% under the medium and 52% under the severe scenario.
2. What are the advantages of an IVA?(With a brief procedural ... - CLIC
The disadvantages of IVA The period of an IVA is usually longer than that of bankruptcy (assuming the bankrupt co-operates fully with the Official Receiver/Trustee). If there is no realistic prospect of an IVA, then you may still have to face a bankruptcy lawsuit (the relevant consequences are listed in the previous section).
IVA en Hong Kong: ¿Cuánto es y cómo funciona?
En Hong Kong, no se aplica el IVA, sino un impuesto sobre bienes y servicios (GST, por sus siglas en inglés) que tiene una tasa del 0%. El GST en Hong Kong se aplica a la importación de bienes y servicios, así como a la prestación de ciertos servicios, como los servicios de telecomunicaciones y los servicios profesionales.
Value-added tax (VAT) rates - Worldwide Tax Summaries Online
Hong Kong SAR (Last reviewed 28 June 2024) NA: Hungary (Last reviewed 24 January 2024) 27: Iceland (Last reviewed 21 February 2024) 24: India (Last reviewed 15 May 2024) The rate of GST varies from 5% to 28% depending upon the category of goods and services being supplied, the general rate of tax being 18% on majority of goods and services.
Looking for an IVA (Individual voluntary arrangement ... - JustAnswer
Customer: Looking for an IVA (Individual voluntary arrangement) lawyer/solicitor in Hong Kong Lawyer's Assistant: I understand you're looking for help with an Individual Voluntary Arrangement in Hong Kong. Could you please provide more details about your situation? Customer: i have a situation with debts that far exceed my assets and need to see how to follow an IVA Lawyer's Assistant: Thank ...
China Offers Foreign Residents in Hong Kong 5-Year Travel Visa
Non-Chinese residents of Hong Kong and Macau will be able to enter mainland China more easily after Beijing eased visa rules to further integrate the semi-autonomous cities into national ...
IVA or Bankruptcy for My Hong Kong Debt? - Anon
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IVA (Individual Voluntary Arrangement) Personal Debt Restructuring ...
In March 2002, Yip, Tse & Tang launched a new debt legal service serving the needs of Hong Kong debtors. The service is known as Individual Voluntary Arrangement (IVA) IVA is a statutory alternative to bankruptcy under the laws (Bankruptcy Ordinance). IVA is a debt restructuring scheme and has the benefit of avoiding bankruptcy.
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