https://www.reuters.com/legal/litigation/chinese-businessman-guo-wengui-says-he-will-drop-personal-bankruptcy-case-2022-05-12/
(Reuters) – Exiled Chinese businessman Guo Wengui has said he will drop his personal bankruptcy case because he says he does not have the money to cover the associated legal costs.
Guo, the former real estate magnate who fled China for the U.S. in 2014 ahead of corruption charges, said in court papers filed on Wednesday that he would not contest a call for his Chapter 11 case to be thrown out by a fund that loaned money to Guo’s companies.
The lender, Pacific Alliance Asia Opportunity Fund (PAX), moved to dismiss the bankruptcy in April, arguing that Guo had only filed to avoid paying fines. Guo said he filed to resolve all of his issues with his creditors.
Guo filed for bankruptcy in Connecticut in February after a New York court ordered him to pay PAX $254 million stemming from a contract dispute. PAX had initially loaned two of Guo’s companies $100 million in 2008 for a construction project in Beijing and sued Guo when he failed to pay off the loan.
Guo, who also goes by Ho Wan Kwok, said in Wednesday’s filing that he could no longer afford the legal costs of the bankruptcy, blaming PAX for waging “unrestrained legal warfare” in its effort to reach assets, including a New York penthouse and a luxury yacht. Guo says that he does not own either asset, and they actually belong to his children.
Despite Guo’s own desire to end the bankruptcy, the committee representing his unsecured creditors have opposed PAX’s motion to dismiss the case. The committee argued in a Wednesday filing that while PAX, as the largest creditor, may benefit from ending the case because they already have a court judgment in their favor, the rest of his 159 creditors would be left with no ability to collect on the $373.8 million in debts they say they are owed.
U.S. Bankruptcy Judge Julie Manning will consider the proposed dismissal on May 25.
In September, three media companies Guo is affiliated with agreed to pay more than $539 million to settle U.S. Securities and Exchange Commission charges that they illegally sold stock and digital assets to thousands of investors. One of the companies, GTV Media Group Inc, has also reportedly been linked to Steve Bannon, the one-time top adviser of former President Donald Trump. Neither Guo nor Bannon were accused of any wrongdoing by the SEC.
The case is In re Ho Wan Kwok, U.S. Bankruptcy Court, District of Connecticut, No. 50073.
For Guo: Dylan Kletter, William Baldiga, Jeff Jonas and Bennett Silverberg of Brown Rudnick
For PAX: Peter Friedman and Stuart Sarnoff of O’Melveny & Myers and Patrick Birney and Annecca Smith of Robinson+Cole
For the committee: Irve Goldman and Jonathan Kaplan of Pullman & Comley
Read more:
Chinese businessman Guo Wengui files for bankruptcy in U.S. court
U.S. SEC fines Guo Wengui-linked media firms for illegal securities offerings
Our Standards: The Thomson Reuters Trust Principles.
（路透社）——流亡的中國商人郭文貴表示，他將放棄他的個人破產案，因為他說他沒有錢支付相關的法律費用。
郭先生是前房地產大亨，他在 2014 年因腐敗指控而逃離中國，他在周三提交的法庭文件中表示，他不會反對要求他的第 11 章案件被一個借錢給美國的基金駁回的呼籲。郭的公司。
貸方太平洋聯盟亞洲機會基金 (PAX) 於 4 月採取行動駁回破產案，稱郭文貴只是為了避免支付罰款而提出申請。郭說，他申請解決他與債權人的所有問題。
在紐約法院命令郭因合同糾紛向 PAX 支付 2.54 億美元後，郭於 2 月在康涅狄格州申請破產。PAX 最初於 2008 年向郭的兩家公司貸款 1 億美元，用於北京的一個建設項目，並在郭未能償還貸款時起訴郭。
郭文貴在周三提交的文件中表示，他再也負擔不起破產的法律費用，並指責百富在試圖獲得包括紐約頂層公寓和豪華遊艇。郭說，這兩項資產他都不擁有，它們實際上屬於他的孩子。
儘管郭自己希望結束破產，但代表其無擔保債權人的委員會反對百富駁回此案的動議。委員會在周三提交的一份文件中辯稱，雖然 PAX 作為最大的債權人，可能會因結束此案而受益，因為他們已經獲得了有利於他們的法院判決，但他的 159 名債權人中的其餘人將無法收回 373.8 million。他們說他們欠下了數百萬美元的債務。
美國破產法官朱莉·曼寧將於 5 月 25 日審議提議的解僱。
9 月，郭文貴旗下的 3 家媒體公司同意支付超過 5.39 億美元，以了結美國證券交易委員會指控他們向數千名投資者非法出售股票和數字資產的指控。據報導，其中一家公司 GTV Media Group Inc 也與前總統唐納德特朗普的前高級顧問史蒂夫班農有聯繫。郭和班農都沒有被 SEC 指控有任何不當行為。
該案是美國康涅狄格州破產法院的 In re Ho Wan Kwok，第 50073 號。
郭：Dylan Kletter、William Baldiga、Jeff Jonas 和 Brown Rudnick 的 Bennett Silverberg
PAX：O’Melveny & Myers 的 Peter Friedman 和 Stuart Sarnoff 以及 Robinson+Cole 的 Patrick Birney 和 Annecca Smith
委員會：Irve Goldman 和 Pullman & Comley 的 Jonathan Kaplan
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判決書可以看 : https://twitter.com/Tanghan2019/status/1526455051258015745/photo/1
有人把法庭聽證會上法官斥責郭文貴律師的部分翻譯出來了
https://twitter.com/Percy43508644/status/1522874258527068161
法官質疑郭文貴宣稱沒有財產還能付給律師百萬律師費去申請破產,且還在持續付款
https://twitter.com/Percy43508644/status/1522902152905203713
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前情提要https://pincong.rocks/article/39526郭文貴申請[破產] 負債3.7億,曾經數次領過紐約的[疫情紓困金]與[低收入退稅補貼] (2022-03-15)
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