U.S. Lender Seeks to Liquidate Assets of Country Garden, China's Former Top Developer, Over Unpaid $204 Million Loan
• U.S. lender Ever Credit files petition to liquidate assets of Country Garden, once China's largest property developer
• Move follows similar petition last month against fallen giant China Evergrande
• Country Garden says it will "vigorously" fight the petition in Hong Kong court
• Petition involves $204 million loan plus interest that Country Garden failed to repay
• Creditors face difficulties recovering loans from Chinese developers through Hong Kong courts