YOUNG WOMAN BANKRUPT.

Auckland Star, Volume LVI, Issue 83, 8 April 1925, Page 5

YOUNG WOMAN BANKRUPT.

FAILURE AS DRESSMAKER NOTHING TO OFFER. CREDITOR.

The 'business failure of a young woman named Anna Rachel Glover after fifteen months as a dressmaker in Dominion Koad, Mount Eden, was investigated at the ollk-e of the Official Assignee to-day. Mr. Walking appeared for the bankrupt, and Mr. Quartley for the sole creditor. Bankrupt's schedule showed a debt of £00 1/0 owing to an unsecured creditor, and there were no assets. In a written statement Miss Glover said she started business in July, 1022, paying £140 that she had borrowed from her father. She took the lease of a shop and an adjoining section for three years, with a purchase clause, at a rental of £2 a week, hi August, 1922, she was approached to sell the section under an agreement. She received £25 deposit. The rental of £2 a week was too high, and through illness and the death of her father in November. 1023, she had to give up the business. Bankrupt asked the lessor to take the whole lease over, and explained her position to him. Ho refused, and also declined to reduce the rental. The lease was then cancelled, and bankrupt believed the premises were now leased for 17/G a week. The business had not come up to her expectations, and everything went in rent. After the lease was cancelled her sole creditor obtained a judgment summons against her at the Magistrate's Court for £!)3 10/. Oil' that amount she had paid £27 9/10, which she had borrowed from her mother. To Mr. Quartley, bankrupt said that her mother had property. They were living together, and bankrupt had no intention of going into business again. She had gone bankrupt to prove to her creditor that she had no money. ]f you came into money would you pay? —if the claim were reasonable I might. , Is the claim reasonable?—l think it is absolutely ridiculous. * Would you pay it if you could?—l would pay anything within reason. Have you* any life interest in the property left by your father?—^'o. Asked if sJhe could make any offer, bankrupt replied that she had nothing. Mr. Quartley asked that the discharge be opposed, as it was obvious that the bankrupt had not been pressed to pay her debt, had no intention of going into business again, and that it appeared her bankruptcy petition was an attempt to defeat the claim of her creditor.