trust mortgage.

Auckland Star, Volume LXIII, Issue 238, 7 October 1932, Page 5

trust mortgage.

nnn>s tor children. BANKRUPT'S AFFAIRS. The sudden complete ending of the Mortgage market and the continued fall ' a P r 'ces accounted for his failure, stated kewis, a bankrupt builder, -who met Jus creditors this morning. His Mete, according to his schedule, are £940. His debts to unsecured creditors amount to £4576, and to secured creditors,* £951. The bankPtcy was by creditors' petition, lodged June 9. He had suffered by the nkruptcies of others. He had been in a s a timber merchant and l™ er some three or four years ago. iough he had finished business in he could not say until -vvhat 16 the books had been written up. The Official Assignee, Mr. A. W. WatP os^on was f ar f rom . B ® nkru pt said he had been insolvent lus ™ hut he had secured bankrupt said that the sum of £1000 *m , ™ en Be nt out from England as a ™ st J or his children. He had had the 1W interest on that money. M mone y had been invested in mortm°. 8 ' an d he had taken out a trust j> a S e in 1931. At that time he had r ls L Si nce the £1000 had come out a d >, "Sland he had not shown it as 6um to k' m " He considered that the w ae a moral debt to his children, w, , further discussion, a motion ha m C j rri - further inquiries should 0 e + , e e n the bona fides of the trust the £1000 for the children. ,