BANKRUPTCY.

New Zealand Herald, Volume XXV, Issue 8951, 16 January 1888, Page 3

BANKRUPTCY.

■» — DEBTOR'S EXAMINATION. A, E. Smith.— Edward Smith, bankrupt, was examined before the Official Assignee on Saturday,wb he deposed as follows : —I am a carpenter by trade, and hare lived in this district for miay. years. I got my tiring by taking small building contract jobs or by day work, as opportunity offered. At the best all through I have not done more than make a bare living. My present debts amount to £259 4s Id, nearly all for materials. Most of my creditors are aware of the circumstances under which I have got into arrears, and only one has seriously pressed me, necessitating my filing a petition of insolvency. A few months ago I wanted money to pay off some pressing debts, and borrowed £12, giving a bill of sale over my household furniture for £17, to be repaid at 10a per week. When I had paid up £10 of the £17, the lender suggested that I should take out a fresh bill of sale, and he gave me £6 and made my liability £16, repayable as before, and the balance now owing is about £13, against the furniture worth about £20. Besides the furniture I have absolutely nothing in the nature of assets except my tools of trade, worth about £10. MEETING OP CREDITORS. E. Barrington.—A meeting of the creditors of E. Barrington, bankrupt, was held on Saturday at the Official Assignee's office, Mr. Lawson presiding. Mr Theo. Cooper wa,s present on behalf of Messrs Hunter and Nolan. Mr Lawson said ithat Mr Barrington's liabilities were £627 8s 6d, bat there were book debts amounting to £1072 4s 3d, and these, the bankrupt estimated, would yield £72 10s. Mr Harrington deposed that hie principal payments were to Hunter and .Nolan. His average takings during 1887 were about £10 per week. The Assignee stated that an offer of £80 had been made for the estate, but as the creditors present we«e of opinion that further inquiry was necessary an to the particulars of the assets, it was decided to adjourn the meeting until Monday, khe 23rd inst., the inquiries to be made in the meantime. PETITION: EXTENSIVE FAILURE. A petition to be adjudged a bankrupt has been filed by Frederick Swindley, settler, residing at Whakatane. It is stated that the liabilities in this estate will be found to amount to about £15,090, of which £11,000 (secured), is due to a bank doing business in Auckland. The sum of £4000 represents the claim of a number of unsecured creditors. The first meeting of creditors is to be held on Saturday, the 21st inst., at eleven a.m.