Bankruptcy Due To 111-Health

Press, Volume CIV, Issue 30839, 26 August 1965, Page 7

Bankruptcy Due To 111-Health

Andrew Beattie, a labourer, of 7 Stoneyhurst street, told a meeting of his creditors before the OfficiaL Assignee (Mr P. D. Clancy) that his illhealth was the principal cause of his bankruptcy. Beatty said he had purchased a mixed business in Reddiffs. The stock and the plant cost much more than the agent had estimated, and less than a month after he took over the business he became ill and was admitted to hospital for surgery. During his 10 months in business he had built it up considerably, but he had been obliged to purchase a deep freeze and a van on time payment, and he was unable to meet his creditors from the turnover.

When his health did not improve, as expected, the business was sold in August, 1964. There was a balance of £259 from the sale of the business.

Some of this money was used to establish a vegetable run to supply Bumham Camp. This did not prove successful, and in November, when he was again unable to work on account of ill-health, he had to sell the truck to meet his creditors. During the period from November last year to June this year Beattie was only able to engage in casual work end had earned approximately £BO. Mr Clancy said Beattie had no personal debts. His debts had been incurred in the shop. Beattie declared his total deficiency as £428 14s. The meeting was adjourned sine die. ~