BANKRUPT'S ESTATE
POSITION OF SOLICITOR [nv TELEGRAPH —PRESS ASSOCIATION"] INVERCARGILL, Tuesday The opinion that if realisations camo up to expectations the bankrupt estate ol Charles Stephen Lonquot, solicitor, would pay about 10s in £1 was expressed by the Official Assignee at the third meeting of bankrupt's creditors this afternoon. .Liabilities wore previously stated to be £35.513, and tho estimated deficit £16.243. The Official Assignee explained that there were 02 properties subject to mortgage to bankrupt and on those tjm lace value of the mortgages was £17,203. The amount due on the mortgages as established by'the investigating accountants was £15,404. Tho Official Assignee estimated tliatv the properties subject of these mortgages would realise about £lO,llO. The face value of the other assets of bankrupt, two houses and shares, would bring the total face value Tip to about £21.207. and on this the Official Assignee hoped to realise £12.863. So far 3-5 proofs had been received from creditors of the estate and the face value of these proofs amounted to £20,502.
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New Zealand Herald, Volume LXXVI, Issue 23486, 25 October 1939, Page 11
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169BANKRUPT'S ESTATE New Zealand Herald, Volume LXXVI, Issue 23486, 25 October 1939, Page 11
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