BANKRUPTCY RETURNS.

Otago Witness, Issue 3801, 18 January 1927, Page 5

BANKRUPTCY RETURNS.

LAST YEAR’S STATISTICS. The bankruptcy statistics for the Otago district for the quarter ended December 31, show that the number of bankruptcies unclosed at the end of the September’quarter was 23, as compared with 26 for- the corresponding period of 1925. During the December quarter there was only one bankruptcy, whereas in the corresponding three months' of the previous year there were 10. At the pnd of December the official assignee bad 24 bankruptcies in hand, as compared with 36 at the end of 1925. The total amount of assets realised during the last three months of 1926 ; was £284 Ils 4d, as compared with £1383 19s 3d for a similar ..period a year earlier. The total amount paid in dividends, including preferential claims, for the last, quarter of 1926 was £560 12s 2d, whereas for the Same period in 1925 it was £1096 6s sd. THE YEAR’S RETURNS.

The returns for the whole of ’ 1926, - with a comparison with the figures for 1925, are given below.:. —

Assets as per statements filed, excluding secured claims, 1926 £5090 8s sd; 1925> £2638 15s 7d. . Amounts secured to creditors, £12,938 10s lOd; .£4514 2s. Liabilities as per • statements filed, excluding secured creditors, £6656 16s 8d; £15,701 14s 7d. Assets realised by assignee, £4505 Ils 3d; £3821 5s 3d. Amount of debts proved, £13,659 10s 3d; £19,964 13s 6d. Paid in dividends, excluding preferential and secured claims, £l7ll 6s 2d;_ £2304 8s 3d. Paid on preferential claims, £3ll 6s lOd; £143 19s 7d. " '-■■■■_ Paid on secured claims, £993 Us 9d; nil. Expenses in carrying on estates for the benefit of creditors, £143 10s; nil.

1926. 1925. Petitions by debtors ... . .. ... 19 24 Petitions by creditors 4 ■ 3 Orders for immediate discharge granted .. . ... 4 7 Orders for discharge suspended .... ... ... ';... .. 3 1