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[Voluntary personal bankruptcy] The purpose is to enable the applicant to resolve the financial debts and to start a new life . Applicants may use part of their income, as the reasonable monthly basic living expenses.
The date of submission of the application to the hearing generally takes about 8-10 weeks. Applicants have to pay HK$8,000 to the Official Receiver & HK$1,045 for High Court filing fee. 
Our firm handled numerous cases of bankruptcy with experienced and application can normally be completed within four working days.