Reuters: Bankruptcy News: HK bankruptcy petitions rise 46 pct in Feb vs Jan

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HK bankruptcy petitions rise 46 pct in Feb vs Jan Mar 16th 2012, 04:09 Tweet Share this Email Print Fri Mar 16, 2012 12:09am EDT HONG KONG, March 16 (Reuters) - Hong Kong bankruptcy petitions in February rose 45.9 percent from the month before to 756, and were up 39.2 percent from a year earlier, government data showed on Friday. The number of bankruptcy petitions totalled 1,274 for the first two months of 2012, up 8.6 percent from a year earlier. Bankruptcy orders were at 1,219 for January-February, up 5.5 percent from a year ago. Hong Kong's government has forecast GDP growth of 1-3 percent for 2012, lower than 5 percent growth in 2011. (Reporting by Christina Lo; Editing by Chris Lewis) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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