MOTOR-CAR SEIZED

Evening Post, Volume CXII, Issue 53, 31 August 1926, Page 10

MOTOR-CAR SEIZED

A BANKRUPT'S DIFFICULTIES.

A meeting of creditors in the bankrupt estate of Thomas Alfred Greer, labourer, of Johnsonville, was held this morning, before the Official Assignee (Mr. S. Tansley). The bankrupt had made no sworn statement of the causes of hia bankruptcy, but Mr. A. B. Sievwright, who appeared i his behalf, said that the principal creditors, the Ford Sales and Service, Ltd., to whom £28 9s 8d was owing, had pressed him for payment of a motor-car bought from them, and the bankrupt had been forced to file his petition. The total debts were shown at £64 12s 7d, and there were no assets. The other principal creditor was the bankrupt's mother, Mrs. Mary Greer, to whom £20 was owing.

The bankrupt said that when he bought the car he thought the price was £,90, but later his mother was told that the price was £130. When he fell into arrears with his payments the company seized the car, and with it a number of extras he had bought from them.

Mr. Sievwright: "These hire-purchase agreements are wrong, especially with regard to motor-cars."

The bankrupt admitted that he had bought the car solely for pleasure. He had paid only one instalment on it.

The Assignee: "Well, if you can pay 30s per, week on a car you can pay your creditors the same amount."

Mr. Siovwright: "He hasn't been paying 30s per week. That's why the car was seized."

The Assignee (to Mrs. Greer): "Pretty hard, isn't it, putting in a claim against your son?"

Mrs. Greer: "It's been owing for board for a long time. I had to draw it all out last winter."

The bankrupt said that he was at present earning £4 8s per week as a labourer, losing time in wet weather. He had been employed as a slaughterman at Ngahauranga up to April last, when he was put off.

Cross-examined, the bankrupt admitted that he had run up one account while he wag out of work, but said that ho was expecting to get employment at the time. Any offer ho could make to his creditors would depend on the work, of the coming season at Ngahauranga.

One of the creditors said that the bankrupt was capable of earning good money.

Finally, the bankrupt agreed to pay 3s in the £1 at the rate of 10s per week, and the meeting was adjourned sine die, pending a written statement from the bankrupt as to Ms exact 'position. , . _ . . „'