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leaving Hongkong with debt 24 years ago

Date: Mon, 04/20/2009 - 20:48

Submitted by selwyn.ali
on Mon, 04/20/2009 - 20:48

Posts: 3 Credits: [Donate]

Total Replies: 6


halo everyone

i am new here and would like to ask some advise to you guys about some debt happened 24 years ago, but this problem happent in Hong Kong

the story is like this

My father was An Indonesian, and in 1970 he brought his wife (my mom) and my sister to Hongkong and doing some business and stay in hongkong. i and my brother was born in hongkong, and after 16 years, in 1985 my father business gone really bad and he cannot pay back a loan. the loan was made with a local bank and our house (flat actually) was collateral for that loan.

because we cannot payback the loan, my father decided to go back to Indonesia for good and leave the loan unpaid, and we left the flat ( but the loan nominal was higher then the flat’s value).

7 years ago my father pass away but before he died, he never told us what really happened at that time, and what is the agreement of the loan at that time. Even my mother not really understand what really happened, and she only know that the loan was under husband and wife name (sign by both of them.)

Now it is already 24 years and the status of this problem is still unknown.

Now, my mother has a plan to go to hongkong only to visit some relatives and for vacation , but we still afraid whether my mother might get caught in the immigration because of this bad history?

How about tax? I also do not know my father’s tax status before he leave Hongkong 24 years ago. Will these problem come up if my mom show up in hong kong?

For your information, there are slightly change of name in my mother passport, the first and middle name still the same, but got a new last name. also her passport already died for several years before she apply a new one recently.

I really hope this forum might help, and I really apologize that what my father did in the pass that might effect other expatiates who live in Hong Kong (because of the unpaid debt).

and also sorry if i post this problem in a wrong website

Thanks!
Selwyn
Indonesia


As far as I know, the Statute of Limitation is 2 years for most debts in China. Statute of limitation prescribes the time limit within which the creditor can legally collect the debt. Moreover, since your mother has a new passport with changed last name, I think that she will not be in trouble. I think that you should check whether the passport number has changed or not.


lrhall41

Submitted by on Tue, 04/21/2009 - 05:22

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