DEFICIENCY OF £212

Press, Volume XCIX, Issue 29368, 22 November 1960, Page 10

DEFICIENCY OF £212

Bankrupt To Pay £3 A Week

All that he -could offer was so much a week, said Edward Edwin McLaren, a driver, at a meeting of his creditors yesterday. McLaren, who was adjudged bankrupt on November 8, agreed to pay £3 a week until he had paid £lOO in reduction of his debts.

Mr D. Malcolm, agent for the Official Assignee (Mr O. T. Grattan), said McLaren’s statement showed the amount owing to unsecured creditors as £212 13s 3d. There were no assets. McLaren attributed his bankruptcy to several changes of employment and costly shifting about the country, and also trying to maintain old cars through having to travel long distances to work in the last five or six years. He had suffered ill-health. He had been paying £6 10s a week rent and £1 a week had been taken from his wages for arrears of tax, which made it impossible to pay his creditors in full, said his statement.

McLaren, replying to questions by Mr Malcolm, said he was at present earning £l6 a week.

AU his creditors were in InvercargiU or that area. His wife had a car but he did not. He did not own any furniture. His wife did. She had paid for it. His wages varied. If times got slack they might go down to £l2 a week. He could pay off £lOO in a year. The meeting lapsed for want of a quorum.