BANKRUPTCY PROCEEDINGS
Hugh Gibson, carter and horse-dealer of Auckland, filed a petition yesterday afternoon to be adjudged a bankrupt.
George Bishop, painter, of Newmarket, filed his petition yesterday to be adjudged a bankrupt. This morning he made a sworn statement before the Official Assignee to the effect thafc his bankruptcy was caused by his being sued for a bill of £9 10s without receiving intimation, and as there were bills coming due at the end of the current month thafc would have been difficult) for him to meet;, he filed in the interest of all concerned. He had had to borrow £150 three years ago to make additions to his property, and then another £150 on this property, chiefly on account of family expenses, which of late years had been more than he could afford oufc of the profits of a diminished trade. Oh his property, which was valued at £650, he owed £280 10s, and I_e had been offered £.00 for it since he failed. He thought this surplus, and his other assets, would pay his legitimate creditors 20s in the £, and leave something ©ver. * •
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Auckland Star, Volume XIX, Issue 241, 12 October 1888, Page 8
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186BANKRUPTCY PROCEEDINGS Auckland Star, Volume XIX, Issue 241, 12 October 1888, Page 8
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