DEFICIENCY OF £427

Press, Volume C, Issue 29523, 26 May 1961, Page 14

DEFICIENCY OF £427

Bankrupt Meets Creditors

A deficiency of £427 3s was shown in the statement of affairs of Arthur Murdoch Mclvdr. a welder and fitter, read to a meeting of his creditors yesterday. Mclver was adjudged bankrupt on May 15. Mclver offered to pay £2 a week, or more if he could, in reduction of his debts. This was accepted, Mr D. Malcolm, agent for the Official Assignee (Mr O T. Grattan), said Mclver’s statement of affairs showed the amount owing to unsecured creditors as £4OB 2s 6d and to secured creditors £l9 0s 6d. There were no assets and the deficiency was £427 3s

In a statement giving the reasons for his bankruptcy. Mclver said he had been married for four years. He had been giving his pay envelope every week to his wife and she used to give him £1 or £2 for the weekend. He was giving her £25 to £3O a fortnight when he was employed on the railways.

Mclver, replying to Mr Malcolm, said he left the railways in April, 1960. He was not now living with his wife. She had left him four months ago. His present earnings were £l3 a week.

Mr Malcolm: I am going to summons your wife for examination.

Mclver said he would pay £2 a week or more if he could in reduction of his debts.

The-meeting was adjourned sine die.