CREDITORS MEET

Press, Volume LXXIII, Issue 22193, 9 September 1937, Page 16

CREDITORS MEET

A BANKRUPT DUILDEB

A meeting of creditors of Abra **? Luke Adams, builder, of ChristchuK* decided yesterday to leave his aff*** for further consideration by the OBr cial Assianee (Mr G. W. Browrn V*!rt a view to approaching the C* o "** Solicitor, as Adams had no reason** prospect of paying his debts and M* no proper books. Unsecured creditors «mounted £557 9s 7d. secured creditors £950 "» 2d. and other liabilities £lB9 15s » making a total of £1697 19s 10d. ** sets totalled £1157 9s Id. leavinS deficit of £540 10s 9d. Mr C. V. Quigley appeared Adams. kft * Adams stated that after servin* «£ apprenticeship hs built a St&nmore road, which he solo »* £BSO. During 1935 a house wa f 35, built in Vogel street, but was not WJ»* His creditors were given security o*£ the property. In 1937 he began duw£ ing a house in Windermere ro *<Lll. which the owner was to be sible for the accounts. Bankrupt W* not receive all the money due. W he estimated the amount f*' l £137 9s lOd. He then bc=an two houses on contract: but was stopped, and he was unable . proceed with the work. He was to file his petition in bankruptcy D£ cause of increased puces " nce . t E ti-acts had been entered into a cause of the stopping of his cred«-