DEFICIENCY OF £1343

Press, Volume CVI, Issue 31209, 5 November 1966, Page 21

DEFICIENCY OF £1343

Creditors’ Meeting Lack of capital, an incapable working partner, and too many people getting away without paying for jobs done, were the reasons for bankruptcy given by Noel James Quirke, an unemployed panel beater, of 27 Stewarts Gully road, at a meeting of his creditors. Quirke, who was adjugded bankrupt on October 21, disclosed unsecured creditors amounting to £1443 9s lid and book debts estimated at £lOO, leaving a deficiency of £1343 9s lid, the Official Assignee, Mr T. A. F. Withers, said. The meeting resolved to oppose any application for r discharge from bankruptcy until a dividend of at least 10s in the £ had been paid. Quirke said that he had gone into partnership in July, 1964, in a panel-beating business. In about March, 1965, the business was in debt, and Quirke took it over himself. He was able to pay some of the debts, but a tightening up on credit by many firms prevented him from “making a go of it.”