TO PROTECT CREDITORS.
OTAHUHU MAN FILES
OWNER OF SEVEN HOUSES,
Creditors of Charles Kendrick, settler, of Otahuhu, expressed sympathy and decided to facilitate bankrupt's discharge at a meeting held in the office of the Official Assignee this morning.
Bankrupt's total debts were shown as £336 and his total assets as £2014 11/9.
In his statement, bankrupt said that he owned four properties at Otahuhu on which were erected seven houses. Owing to the existing financial depression, he had become unemployed and had further been unable to get in the rents on his houses. With little or no income he was unable to carry on, and to protect his creditors before he got further back financially he had filed.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 183, 4 August 1932, Page 5
Word Count
118TO PROTECT CREDITORS. Auckland Star, Volume LXIII, Issue 183, 4 August 1932, Page 5
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