“PALTRY BANKRUPTCY.”

New Zealand Herald, Volume LXII, Issue 18945, 17 February 1925, Page 11

“PALTRY BANKRUPTCY.”

EIGHTY POUNDS INVOLVED. COMMENT BY THE ASSIGNEE. " AIRY IDEA OF OBLIGATIONS." The affairs of Victor Charles Parsons, Grey Lynn, whoso trade is that of a butcher, were investigated yesterday at a meeting of creditors presided over by Mr. W. S. Fisher, official assignee. As there were only two proved creditors present no resolution could be passed. The schedule showed liabilities £BO owing to unsecured creditors, and there were no assets. In hu? statement Parsons raid that about two years ago he was working for his father at Grey Lynn for £4 10s a week, but owing to ill-health he was tillable to stand the strain of carting heavy beef. He was out of work for a considerable period, when his father pat ft deposit down on a car for him hoping that he would be able to earn a living % using it for hire purposes. This venture proved a failure. Later his wife became very ill and he was obliged to borrow further money from his father to pay medical expenses. After a brief sojourn in the country, where he failed to obtain work, bankrupt returned to Auckland with bis wife and secured employment, as a labourer at £4 a week. With the advent of wet weather he contracted lumbago and his earnings were reduced. To accentuate his trouble -he Recently fractured an ankle and was now receiving treatment. "The chief feature of this case, it seems, is that bankrupt has very little depending on him," remarked Mr. Fisher. "His wife is working and he comes to seek the protection, of the Court for an amount of -£BO- The expenses here will cost him another £5." Bankrupt stated that through his misfortunes his father had always stood by him. Mr. Fisher: Have yon not been treated too well?— Bank nipt: My father reckons that. "This is a paltry affair when you come in here owing £80," Mr. Fisher said. "Do you think I would be doing my duty if I gave von a discharge? The duty of this Court is to look into eases of sheer misfortune. Bankrupt: It will take me a long time to pay my creditors and to keep things going. Mr. Fisher: The family appears to be keeping itself. You can't even keep yourself ? Oh. yes, I can do that. Bankrupt admitted that he had visited racecourses but did not bet. A Creditor: If creditors state they have seen, you betting on a racecourse are you willing to deny it'?— Yes, certainly. "The facts are evident thai you have been carrying on tinder fairly decent conditions," said Mr. Fisher, addressing bankrupt. "If you cannot maie an offer to your creditors you will not be discharged until you do. Yon have a pretty airy idea of your obligations. You will have to learn differently." Bankrupt agreed to pay 5s a week to each of his creditors when be recovered from the injury to his ankle.