IN BANKRUPICY.

Dominion, Volume 4, Issue 1162, 24 June 1911, Page 7

IN BANKRUPICY.

e v . A meeting of the creditors of Archibald Robert James Koir, motor-car and cycle dealer, oi Petone was called lor yesterday morning, but was not attended Dy a qucrum. Mr. W. J. Cracroit Wilson appear ;d for iho bankrupt. Unsecurel creditors si'c given at £971 4s. 9d., and assets at J2oo—the amount iIOO book debts are cst : uinted to produce. Tho principal unsecured creditors aro Cycle and Motor Supplies, Wellington, £il; B. Reynilds and Co., Wellington, J6H9 13s. 9d.j Rouso and Hvrrell, Wellington, ,£'36; Continental Rubber Co., Christchurch, J319 195.; G. London, Petono, .£l7; Dunlop Rubber Co., Christchurch, .£11; G. Bradley, Lower Hutt, .£l9. In his sworn statement bankrupt said that his business at Petcne, after being carried on for eighteon months, did not pav, and he sold out for .£4O. He was indebted to his wife for ,£IOO. After selling out his business as a cycle importer and motor engiieer, bankrupt called a private meeting of his creditors, who in- ■ structed him to hf.r.tl ovo- the book debts to one Cooper to collect. He wns not awaro of tho amount collected by Cooper. Koir nttribntel his present position t.) inability to collect money owing when required, general .-.lep'ession, and to the heavy cspoiscs of carrying in a motor business, no was .forced to file on account of an order on a judgment summons. Bankrupt, who has a wife and child, is working at Feilding, at £3 6s. por week. All the fur litnre belongs to the wife, who raised .C'2s under 'nil < r sale in March, 1911, over her furniture, and bankrupt was joined as a guaranteeing party.' This money was used to pay off existing bill of sale to tho South r-ncific Lian The meeting was adjouruel sine die.