Creditors’ Meeting

Press, Volume CVIII, Issue 31676, 11 May 1968, Page 22

Creditors’ Meeting

A resolution asking that any application for discharge be opposed until 75c in the 8 bad been paid was passed at a meeting of the creditors of Marguerite Jean Wilson, a housewife and painter and paperhanger, of 68 Waltham Road, at the office of the Official Assignee (Mr J. B. K. Curran).

Mrs Wilson who had a deficiency of 82283.64, owed 35 unsecured creditors 82295.64 and one secured creditor 832. She showed assets of 844. She was adjudged bankrupt on her own petition on April 24.

She said that the reason for her bankruptcy was that her husband had been sick for the greater part of the last two years and had not been able to run the business into which she had put money. In 1961 rite had put money into a business that her husband would manage for her. In 1963 her husband had been adjudged bankrupt but as the debts were in fact hers, they were transferred into her name and they carried on the business.

Two years after his bankruptcy her husband was involved in an accident and was unable to manage the business. A contributing factor to her bankruptcy was that two builders went bankrupt after she.and her husband had supplied materials and completely painted new houses for them and she and her husband bad no hope of securing any money for these, Mrs Wilson said. V