BANKRUPT MECHANIC.

Press, Volume LVIII, Issue 17430, 15 April 1922, Page 6

BANKRUPT MECHANIC.

MEEHDN'a OP CREDITORS. ; - A meeting: of creditors in the estate: of Chaike Tames Goodall, motor mechaiiio.wai held on Thursday, the Official Assignee, l£r JL W. Watte ni, presiding, Mr H. B. J. Goodman appeared, liar the bankrupt, and Mr A. R. Jacobsoa for Meeera John Donnell J. J. Niven at'd Co., Ltd.; and Mr G. M P. Pvtmell fox the vendors of a property bought by the bankrupt;. . ; ! The statement ot assets and liabilities 1 showed, the fallowing: —Stock in trade at #t. Asaph street £B, book debts £9O 12s 6d,' estimated to produce £BS;-cash* in hands .'. of .bailiff £4O, property £l4O, total assets £27 ft Unsecured creditors were set down «a io£ lows:—Distributing £27 6s 6d, John Donnell £2l 14fi, New Zealand. Grinding and Gear Co. £26 lis 6d, Bnick -Safes, Ud. £23 16s 3d, 3. J. Ifiwn. £27 12» 7d, H. PanneUl £32, H. PanneM-£22 17s» J. Noonao £8 6s, Joyce and Johnston £l3 136, Ashby, Bergh £L 12s, Stevens and Son, Ltd. £2 155,. E. J. Dunlop £ll, total £220 13s lOd. In his sworn statement, bankrupt said he j had'been in business in Christchurch for the past twelve months, as a motorcar engineer. He had no money* to start with, and as .be km out of work he had to etart abuaiitessto ears . a living. . H*> rented the premises at 23i.St.Aflaph street, and commenced work with his own tools. No capital wa6 ,required, as it was: simply a repair business. Since Christmas work add been gradually decreasing, owing to the slump, and he had difficulty in getting his accounts in. He was foroed to-file on account of a distress warrant having been issued against him by one! of the creditors. , Mr Bunnell explained* that the bankrupt had bought a house anet'pToperty on. the hire purchase system. There was an equity of <143 on it. Mr Goodman said that tenders had better be 1 called for the property, and perhaps £7O might be realised oh it. It was decided to leave the realisation of the assets in the hands of the Assignee. This furniture was given, to bankrupt's wife.