BANKRUPTCY.

New Zealand Herald, Volume XXV, Issue 9142, 25 August 1888, Page 3

BANKRUPTCY.

DEBTORS' EXAMINATION.

R. Stevenson.—This bankrupt made the usual debtor's statement yesterday before the Official Assignee. : He said he had been in business as a grocer in this city for mauy years. In July, 1886, through pressure from the Auckland Agricultural and Mercantile Company he was compelled to assign his estate for the benefit of his creditors. He got his release on that occasion. He did not know what the estate realised. The only property he retained was his household furniture, which was voted to him at the time of assignment. In the following month, August, 1886, through the kindness of Mr. Hermann Brown, of Messrs. Brown, Barrett, and Co., witness was supplied with goods to enable him to start again, and was given unusual facilities. For the first twelve months debtor did very fairly, but since that time he had lost nearly £400 in bad debts, and this, coupled with his losses from depression in trade, was the cause of his present difficulty. Had it not been for the action of one of his creditors, who pub in a bailiff for a claim of £45, he believed he could have overcome his difficulties. He filed in order to protect the general body of creditors. Witness's debts, which were all unsecured, amounted to £759 14s. trade liability to fifteen creditors. His assets were unencumbered, and totalled £435, stock-in-trade and book debts. He could suggest nothing by way of a compromise with his creditors.

FILINGS. Henry Haynes, boardinghouse-keeper, and William Stephenson, contractor, filed petitions of insolvency yesterday.