BANKRUPTCY ACT.

Otago Daily Times, Issue 20705, 1 May 1929, Page 14

BANKRUPTCY ACT.

AN ILLEGAL PROCEEDING. ' (Pm United Pbess Association.) WELLINGTON. April 30.. , The Official Assignee in Ibo 'Supreme* Court to-day applied under section 70 of the Bankruptcy Act to have two house properties at present in the uaute of Mrs Janet S. Ross vested in. the Official Assignee, or, alternatively, for an order requiring Mrs Ross to pay to the Official. Assignee the value of improvements made to the property by her husband, Alexander Ross, a bankrupt bootmaker, of Wei-' lingtou. shortly before bis bankruptcy in' June, 1028. ' "1 am satisfied.” said Mr, Justice MacGregor, "that the Official Assignee is, entitled to succeed. In other words, I am, satisfied it has been proved to my satis-, faction that the bankrupt, within two ■years before his adjudication, purchased land in his wife’s name, and erected certain buildings on' it, and otherwise improved the land. I am not quite satisfied at present as to the precise form of the order, and I propose to reserve that for further consideration in order to give the parties an opportunity, to look -.into the circumstances and' to enable some agreement to be come to as to the mode of carrying out the order. ■