A BANKRUPTCY CASE.
[by telegraph.—press association.] Dune din*, Monday. In the Bankruptcy Court to-day the Official Assignee sought to impeach a deed of settlement made by Clarke, a bankrupt, nearly eight years ago. At the time of the execution of the deed the bankrupt was solvent, but it was contended that his affairs were critical. . The settlement gave his wife a piece of land and a house purchased by instalments of £5 per week, and the bulk of the payments were made subsequent to the deed of settlement, extending to 1884. The contention was that if the original settlement was justified the subsequent payments were not, and each payment was a separate gift. For the bankrupt it was maintained that his position was such as to justify the execution of the deed, and as the rent had been paid by him the estate had actually gained by it. Justice Williams dismissed the motion with costs. The action was brought under a statute of Elizabeth, and not the Bankruptcy Act.
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New Zealand Herald, Volume XXV, Issue 9012, 27 March 1888, Page 5
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169A BANKRUPTCY CASE. New Zealand Herald, Volume XXV, Issue 9012, 27 March 1888, Page 5
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