BANKRUPT CONTRACTOR.

New Zealand Herald, Volume LXIX, Issue 21116, 25 February 1932, Page 14

BANKRUPT CONTRACTOR.

SERIES OF MISFORTUNES. LOSS OF HORSES AND TRUCKS. [TBOM OT7R OWN CORRESPONDENT.] HAMILTON," Wednesday. A succession of misfortunes, extending over six years, was the reason given for the bankruptcy of Jeremiah Murphy, contractor, Hamilton East, at a meeting of creditors to-day. According to bankrupt's schedule, his debts totalled £866, while his assets were valued at £270. There was a deficiency of £596. Bankrupt stated that for some years he had a run of very bad luck. In 1926 he lost four horses valued at £4O each. Since then he had lost five others. In J927 he bought three trucks, but when they were nearly paid for they were seized owing to his inability to keep up the instalments which were due upon them. For six months he was' idle owing to a broken leg. His camp was burned out in 192t£T and he lost property valued at ££o. Losses on contracts in 1929, 1930 and 1931 involved him in further difficulties. , In answer to the official assignee, Mr. V. R. Crowhursfc, bankrupt said he was unable to keep book's.. Ono of his men kept them, but they had been lost. He had not had a banking account for four years. The majority of his payments had been made by orders on his employers. The official assignee said, bankrupt's position was a somewhat hopeless one. The realisation of the assets was left in the hands of the official assignee.