Bankruptcy petition
• •-'Z. Press Assn—Copyright) i ATLANTA, (Georgia) John Candler, aged 38, the great-great-grandson of the) Coca-Cola founder, Mr Asa Griggs Candler, has pet-; itioned for bankruptcy, list- : ing his assets at SUS4SOO , and his liabilities at' SUSII.2m. !' Included among the assets are a picture of his wife, valued at SUSSO. beverages and spirits worth SUSI 00, and jewellery and clothes worth SUSBOO. and a Basset hound worth SUS3O. Candler's principal debts ‘ are listed as SUS3.6m to thei, Nashville City Bank and: Trust, 5U5579,000 to Trav-| e'.lers Insurance, 5U5350.000 to Salvatore de Blasio, of! Miami, and SUS6I.OOO to the; Internal Revenue Service. The Coca-Cola heir’s counsel told reporters that his! client had been buying aiiingi companies in the hopes of;: rejuvenating them. His fam-: fly inheritance was about:. $U5250,000.
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https://paperspast.natlib.govt.nz/newspapers/CHP19741015.2.119
Bibliographic details
Press, Volume CXIV, Issue 33665, 15 October 1974, Page 15
Word Count
129Bankruptcy petition Press, Volume CXIV, Issue 33665, 15 October 1974, Page 15
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