The daughter of exiled Chinese billionaire Ho Wan Kwok has pushed against efforts by the Chapter 11 trustee in charge of her father’s bankruptcy estate, who is looking to sanction her and impose a $58,000 bill for attorney fees and costs. The bill comes as a result of her invoking her Fifth Amendment rights during a deposition.
Given the serious nature of the proceedings, invoking the Fifth Amendment, which protects individuals from self-incrimination, is a significant move. While the legality of the trustee’s attempts to impose the $58,000 cost is currently under examination, it is clear that the financial and legal stakes involved in this case are high.
With respect to the legal implications and possible outcomes of this case, a detailed report on the situation is available here.