Worried By Debts; Sharemilker’s Petition

Northern Advocate, 4 December 1941, Page 2

Worried By Debts; Sharemilker’s Petition

Stating that he had filed his petition in bankruptcy because the worry of his debts was “getting him/ down” and he could not see his way clear to pay them, Stanley Jolliffe, sharemilker, of Glenbervie, told the official assignee (Mr. T. P. Pain) at a meeting of creditors yesterday that if his position improved he would endeavour to make payment. The schedule showed total debts of £139, the amount owing to unsecured creditors being £IOB and £3l to secured creditors. Assets totalled £26, made up of £2O value of. furniture and £6 cash in hand. Long Period of Sickness In his statement, Jolliffe, a married man without children, detailed a long period of sickness following a road accident five years ago. He had started work as a sharemilker at Glenbervie this season after working as a farm labourer at various places in the north. Returns so far had shown about £5 a week gross, and out of that amount he had had to pay wages for a girl, amounting to £l/5/- a week and keep, and all running expenses of the shed. His position had been caused by his ill-health. He had never enjoyed good health, he said, and since the accident it had been worse. He was unable to make any offer to his creditors. No Resolution Examined by the assignee, debtor said that before the accident he had not been in a sound financial position because of being' out of woxk periodically owing to ill-health. He was not now employing the girl mentioned in his statement, as she had left, being replaced by a boy, to whom he was paying £l/10/- a week and found.. He proposed to continue in his present employment. The £3l showing as owing to secured creditors wjis the amount owing on a car purchased under a hire-pur-chase agreement. The deposit had been paid by the man for whom he was milking, and he had paid £4 of his own money. The cash in hand shown in the schedule had now been spent on living expenses. No resolution in connection with the bankruptcy was passed, a quorum of creditors not being present. Mr. A. M. Steadman represented Jolliffe.