UNUSUAL BANKRUPTCY.
$ ASSETS EXCEED LIABILITIES. Bankruptcies, , in. which the assets stated exceed the liabilities, are somewhat unusual, but instances in which the debts are only one-tenth of the assets arc exceedingly rare. ; James Barlow, a canvasser, of 30 Fitzgerald avenue, Christchurch, who had filed his petition, gavo a statement of his position to the Official Assignee, Mr A. W. Watters, setting out that while his liabilities amounted to £9O 9s, his assets (book debts) totalled £905 19s, leaving a surplus of £Bl5 10s. » The meeting of creditors, which was to have, been held yesterday afternoon, lapsed for want of a quorum. The following were the principal unsecured creditors: —A. V. Dodd, hotelkeeper, Christcliurcli, £l4 Is; G. F. Doyle, grocer, Timaru, £l3; H. W. Bullivant and Co., printers, Christchurch, • £ls 10s; and Mrs F. Brown-, son, canvasser, Christcliurcli, £29.
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Bibliographic details
Press, Volume LXII, Issue 18617, 16 February 1926, Page 12
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138UNUSUAL BANKRUPTCY. Press, Volume LXII, Issue 18617, 16 February 1926, Page 12
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