UNDER PRESSURE

Evening Post, Volume CIV, Issue 46, 23 August 1922, Page 10

UNDER PRESSURE

CARBIBR GOES BANKRUPT.

■ --i ' • '"'' ' : —:-.'• ' i , A plea that if he had been given time he could^have"*paid, his creditors was' made by a bankrupt, William Henry Hargreaves,. carrier, at a meeting of creditors held yesterday before the Official Assignee (Mr. S. Tansley). '.- Bankrupt's statement was' as follows: "My business is that of a general carrier, which I carry one with one van. For some time past I have not been able to obtain sufficient carrying business to pay my: way. Numerous creditors sued me, and there Ls also an order on judgment summons against me. I have not got the money to meet these debts, and to • save myself from imprisonment I have been forced to file my, petition in bankruptcy.l If I had been given time, and not forced through Court proceedings, I believe that I could have paid off my debts." The debts to unsecured creditors totalled £180 18s 6d, and those to secured creditors £61 3s lOd. . The.assets were estimated at £134 18s 7d. : The bankrupt, in reply! to questions, admitted he had gone to races sometimes, but, denied gambling or leading a fast life. He had a wife and four children,', and his earnings' had: ayeraged about £6 a week. The Official Assignee said he would adjourn the case sine die for the assets to be realised, although-he thought the securities placed at £83 would, probably turn out nil. He might be able to pay 4s.in the £;' , '