leaving Hongkong with debt 24 years ago
Date: Mon, 04/20/2009 - 20:48
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
You probably should be looking for a board or forum that deals w
You probably should be looking for a board or forum that deals with the laws of credit in that part of the world. This board deals with US credit issues only.
As far as I know, the Statute of Limitation is 2 years for most
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.
I am really apologize for being in the wrong forum, i just canno
I am really apologize for being in the wrong forum, i just cannot find any similar site like this one, so i just giving a try, maybe some one might know someting.
but any way, thansk for the replays!! very appreciated!
No problem. We are here to help but your situation may be best h
No problem. We are here to help but your situation may be best handeled by advisors in your area.
I suggest you seek a free legal consultation from HonKong attorney and run the story past them. Best of Luck!
ohh, my mother's passport number already change, but didn't pass
ohh, my mother's passport number already change, but didn't passport number always change?? or if we late for renew and have to apply a new passport, is the number change?
her name also got an aditional family name in her passport right now , the old one didn't have one.
