Chinese Exile Guo Aims to Pause Bankruptcy Amid Criminal Charges

Aug. 31, 2023, 6:13 PM UTC

Chinese businessman and exile Guo Wengui asked a court to halt his Chapter 11 case, saying a bankruptcy trustee’s demands are interfering with his rights as a criminal defendant.

Guo, also known as Ho Wan Kwok, filed for bankruptcy in Connecticut last year after he was ordered to pay $134 million to a creditor. Since then, he’s been accused by prosecutors of running a $1 billion fraud scheme.

“Mr. Kwok acknowledges the importance of the Bankruptcy Cases and the Trustee’s efforts to recover assets for the estate, but Mr. Kwok’s rights as a criminal defendant present weightier concerns,” his lawyers ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.