Chinese exile Guo Wengui files for bankruptcy after yacht dispute

Source: China – South China Morning PostGuo Wengui, the exiled Chinese businessman and former partner of Trump political strategist Steve Bannon, filed for bankruptcy less than a week after a judge ordered him to pay US$134 million for moving and keeping a yacht out of the reach of creditors.Guo sought Chapter 11 protection from creditors in Connecticut late Tuesday. He listed assets in the range of US$50,001 to US$100,000 in the bankruptcy filing, and liabilities between US$100 million and US$500 million.In the US, bankruptcy pauses…Read More

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