A DEAL IN LAND.
MARRIED HAN BANKRUPT. The bankruptcy of Edward Meikle, of Mount Albert, was investigated at a meeting of his creditors yesterday, the official assignee, Mr. G. N. Morris, presiding. The bankrupt's filed statement showed unsecured liabilities amounting to £135, and secured debts totalling £I3OO, on property at Waitakere, valued at £I7OO. His only material asset was the mortgaged property, but it was stated that in this there was no real equity. Bankrupt said he sold the property three years ago for £I7OO, but the purchasers made default, and although he had now no real interest in the land, he was still liable under the personal coven- ?. nt . 1 . 1 ) mortgage deed. He believed ii ti mortgagee would take steDS to pell the property, more than the amount of his hen would be realised. Debtor was flow workmg for wages as a stone-quarry. *«?t '™ riot mora than Sufficient to support his wife and family of five. As there was not a quorum, no resolution was passed. '«,uiu
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19660, 11 June 1927, Page 14
Word Count
169A DEAL IN LAND. New Zealand Herald, Volume LXIV, Issue 19660, 11 June 1927, Page 14
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