Hong Kong forger Peter Chan bankrupt after failing to pay legal fees owed to late tycoon Nina Wang’s foundation in faked will case

‘I’m already at my lowest point, I have nothing left since I was released from prison,’ Chan tells reporters, saying ruling will have no real effect given his circumstances

The HK$28.4 million judgment followed his failed gambit to convince court his one-time billionaire lover had made him sole heir to her estate

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Convicted forger Peter Chan leaves Hong Kong’s High Court on Thursday after he was declared bankrupt. Photo: Jasmine Siu

Published: 2:10pm, 12 Aug 2021Updated: 11:23pm, 12 Aug 2021

Convicted forger Peter Chan Chun-chuen has been declared bankrupt for failing to pay HK$28.4 million (US$3.6 million) in legal fees owed to the charitable foundation of late tycoon Nina Wang Kung Yu-sum after the civil suit that determined he had faked her will.

Madam Justice Linda Chan Ching-fan on Thursday granted a bankruptcy order petitioned by the Chinachem Charitable Foundation, despite objections from Peter Chan, a former feng shui master who changed his name from Tony and later converted to Christianity after being jailed in 2013.

The High Court heard the HK$28.4 million was the unpaid balance of a cost order made by the court in the wills proceedings back in 2010 and 2011.

Peter Chan left Hong Kong’s High Court in a taxi with two others on Thursday. Photo: Jasmine Siu

“This is an appropriate case for the court to make a bankruptcy order against the debtor,” the judge said. “There is no dispute that the debtor has no financial means to repay the debt.”

She also ordered him to pay the foundation’s costs in these proceedings.