BANKRUPT ABSENT

Press, Volume CVI, Issue 31316, 11 March 1967, Page 20

BANKRUPT ABSENT

Creditors’ Meeting Adjourned

A meeting of creditors of Donald John Cargill, a labourer, of 103 Malcolm avenue, was adjourned by the Official Assignee (Mr T. A. F. Withers) to March 16 when Cargill failed to appear. Cargill's statement of affairs showed that he had debts of £1924 and assets of £685, leaving a deficiency of £1239. He gave the reason for his bankruptcy as starting business with little or no capital and difficulty over a contract. All the accounts in bankruptcy related to the one contract, he said. “Unwise Buying"

His bankruptcy was caused by unwise credit buying of household appliances, furniture, motor vehicles, and living beyond his means, Thomas William Dee, a presser, of 87 Aidershot street, New Brighton, told a meeting of his creditors yesterday. His statement of affairs showed that he had debt* of £544 11* 4d and assets of £B5 8s 2d, leaving a deficiency of £459 3s 2d.

Creditor* agreed that Dee should be allowed to keep a van which he used in the course of his employment with a Kaiapoi dry-cleaning business as long as he paid £lO a month to creditors. The meeting was closed by the Official Assignee (Mr T. A. F. Withers).