A BANKRUPTCY CASE
PRESS ASSOCIATION. NAPIER, April 9. A curious point has just been decided by Mr Justice Chapman as to the distribution of a bankrupt's assets where a second petition in bankruptcy has been filed before a discharge on the first has been granted. Mr Justice Chapman decided that the creditors in the first bankruptcy were entitled to assets under the second insolvency. Concluding .his judgment his Honor said:—“Tho result is no doubt hard on the later creditors, but that is no ground for depriving the first set'of creditors of what the Bankruptcy Act clearly says is theirs.”
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New Zealand Times, Volume XXIX, Issue 6179, 10 April 1907, Page 11
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99A BANKRUPTCY CASE New Zealand Times, Volume XXIX, Issue 6179, 10 April 1907, Page 11
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