CREDITORS’ MEETING.
RABBI!’SKIN MERCHANT'S BANKRUPTCY. WELLINGTON, September 22. At a meeting of creditors of Clifford Peel, a statement submitted showed the total debts to be £14.391, of which £2067 was secured. The deficiency is estimated at. £12,444. The largest creditor for loans was Mr IT. \\. Kersley, the amount being £7187. Bankrupt, who was formerly a manufacturers’ agent, entered the fur trade in 1919, and attributed his present position to a breach of contract on the part of a Sydney firm of merchants, in respect of which he had a claim for £IB.OOO damages. Ife hoped to raise sufficient funds to bring that action. Coupled with this came a big decline in the rabbitskin market, causing heavy loss. He was forced to file by the action of one of his creditors having him arrested on a judgment summons. Ho hoped the claim against the Sydney firm would bo brought. Bankrupt’s books are to bo examined at a further meeting.
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Bibliographic details
Otago Witness, Issue 3524, 27 September 1921, Page 7
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158CREDITORS’ MEETING. Otago Witness, Issue 3524, 27 September 1921, Page 7
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