BUILDER'S FAILURE.

Ashburton Guardian, Volume 48, Issue 167, 27 April 1928, Page 8

BUILDER'S FAILURE.

MEETING OF CREDITORS. i Per Press Association.) CHRISTCHURCH, This Day. When the creditors in the: bankrupt estate of William Henryo Brown, builder, of Christchurch, and formerly of Staveley, met last, week; they • decided to adjourn the meeting, so that additional statements could be made, and the second meeting was- held yesterdav morning, the Official Assignee (Mr A. W. Watters) presiding. The reason assigned by Brown for his bankruptcy was lack of capital. The amount owing to unsecured creditors was £798 8s sd, and to secured creditors £1250, the. estimated value of the security being £I3OO. The total assets were £SO, the deficiency being £748 8s sd. '.-.,. To the Official Assignee the bankrupt said that all: his debts were contained in his statement. A-creditor: All the information we want has to be dug out. It's very hard to get anything out of the bankrupt. This is the fourth meeting we have had. The Assignee said that he would call another meeting if the investigation of the earlier transactions warranted it. It was decided to hold another meet- | ing in abouft three' weeks?" time.