High Court declares actor Vinci Wong bankrupt without opposition

Hong Kong actor Vinci Wong Yin-chi, who filed for bankruptcy last year, was officially declared bankrupt by the High Court on Tuesday without opposition.

Wong was sought by financial company Ego Finance for about HK$2.93 million in debt last December, the same month he filed for bankruptcy.

During last month's hearing, an Ego Finance representative opposed Wong's bankruptcy, arguing that Wong may have concealed some debts by presenting a sound financial status while applying for a loan.

Since neither Wrong nor the creditor attended the hearing on Tuesday (Mar 4), High Court Master Jack Wong Kin-tong issued the bankruptcy order without opposition after reviewing the documents. 

Under section 10 of the Bankruptcy Ordinance, a debtor's petition can be filed whether or not the gross amount of indebtedness equals to or exceeds HK$10,000. 

Meanwhile, the debtor must pay a court fee of HK$1,045 to the High Court and an HK$8,000 deposit to the Official Receiver's Office, along with a sealed copy of the petition and the Statement of Affairs. 

If the debtors have proved their inability to repay the debts and the creditor raised no reasonable objection, the court may grant a bankruptcy order.

The 54-year-old actor grew up in a wealthy entertainment family. His grandfather Wong Wha-san is the founder of Wong's Kong King International (Holdings) Limited while his father Senta Wong Chung-tung is the group's chairman.

Wong has previously served as the executive director of the group but later resigned to focus on TV program production, which he once revealed the project is financially challenging.