BANKRUPT PLUMBER.

New Zealand Herald, Volume LXIV, Issue 19783, 2 November 1927, Page 13

BANKRUPT PLUMBER.

LACK OF PAYABLE WORK.

OPPOSITION TO DISCHARGE,

A meeting of creditors- in the bankrupt estate of Walter Owen Trigg, plumber, Mount Albert, was held yesterday, the official assignee, Mr. G. N. Morris, presiding. ' The schedule showed that £1207 was owing to secured creditors, the estimated value of the securities being £I3OO. Debts to unsecured creditors totalled £589, and the total assets were £370. Bankrupt stated he started in businfts# as a plumber at Avondale two and a-haif years ago with a capital of £6O. He attributed his failure to inability to obtain sufficient work at paying rates. Contributing causes were heavy expenses incurred in running a second-hand motortruck, losses caused through wet weather on a drainage contract at Avondale and the fact that he had to pay wages for four months to an injured employee who was not insured. He was aged 27 and was married when he started on his own. Bankrupt was closely questioned by the official assignee regarding his business methods. He admitted he had no experience of book-keeping. He realised bo was about £2OO down a year ago, bij.t stated that since then he bad obtained no credit. The Official Assignee: Undor the circumstances do yon think you were justified in building a house and buying furniture?—No, I suppose I was not. You say you cut prices too fine.' Vihy was that?—l had to cut prices to gel something to do. The Official Assignee: There is not much use in getting work to do if it does not pay you. . Questioned regarding other losses, said to be due to breakages, bankrupt said his car was rtolen on one occasion and all the bearings burned out. He had also sustained losses through the breakage in transit of a cistern, and wash basins while they were being installed, The official assignee said he doubted whether bankrupt had been competent to start in business on his own account. Ha was a man who should work for wages. It was stated bankrupt's father was willing to pay £l5O into the estate, on condition that bankrupt was allowed to retain his furaitui* wri.fi the exception of a piano which had cost. £l3O, A motion accepting the offer, but opposing the facilitating of bankrupt's discharge, was carried