BANKRUPTCY.

New Zealand Mail, Issue 1248, 30 January 1896, Page 38

BANKRUPTCY.

A meeting of the creditors of Wm. Standen, carrier, was to have been held on the 21st, but only one creditor attended. The bankrupt furnished a written statement, from which it appeared that he ascribed his failure to slack times, keen competition and losses in trade. He was sued for various debts, and finally a bailiff was placed in his house, and he wan obliged to file. Under examination by the Gfficial Assignee the bankrupt said he had borrowed money from certain loan companies in order to pay oft* two secured creditors. He still owed £133 on a security. In the estate of John Joseph Pooley, building contractor, there are fifteen unsecured creditors, whose united claims amount to .£lO5 4s sd, the largest claims being those of P. Bartholomew, sawmiller, Levin, £52 13s 9d ; J. Alexander and Co., plumbers, Wellington, <£l9 2s; Smallwood and Gilchrist, plumbers, Wellington, £lB 9s 9d ; Stewart and Co., timber merchants, Wellington, £ll 19s 2d ; Geo. Harrison, joiner, Wellington, .£lO. The debtor has filed a statement with the Official Assignee attributing his bankruptcy to the nonpayment of c£lo7 due to him under a building contract. He would have made a loss on that contract of £4O or <£so, but he had informed his creditors of that fact, and they had agreed to accept the and to await his convenience to pay them the balance, which, however, he never received. He had a wife, and seven children, four of whom he had to support. He received no help from the others, nor did he expect any. His only assets were his furniture, valued at .£5. An informal meeting of the creditors in the estate was held on Friday, the Official Assignee presiding. Mr Luckie (representing Stafford, Treadwell and Field) appeared for the bankrupt. The two creditors expressed their willingness to recommend the bankrupt's discharge, and the meeting adjourned sine die.

Emanuel Muniz, picture-framer, was adjudged a bankrupt last week. Hi* total debts are set down at .£7l 10s, and his total assets at £sl 16s, the latter being made up of stock-in-trade, £ls ; book debts, £6 16s ; and creditors, the chief being—Lieber and Pauli, £lB 10s ; R. E Tingey and Co., .£18; W. H. Green, £ls; T. Walker, £ls; and two secured creditors the Equitable Building and Investment Company (Limited), which for a debt of £450 holds a mortgage over a freehold section in Daniel street worth £650 ; and A. J. McTavish and Co., who for a debt of £l7O hold a second mortgage over the same property.

Only one creditor attended the meeting in the bankrupt estate of Percy White, joekey, of Hastings, held in the Official Assignee's office on Monday morning, and after the debtor had been examined by Mr Ashcroft, the meeting adjourned sine die.