BANKRUPTCY METHODS
CREDITORS OLD AND NEW . ASSIGNEE’S COMPARISONS (Special to the Herald.) AUCKLAND, this day. In a review of his experiences, Mr. W. S. Fisher, Official Assignee at Auckland, who is retiring alter 43 years’ service, says: “A considerable change has come over the spirit in which bankruptcies are treated. Speaking generally, creditors in the old days were very much more severe towards their debtors than they are to-day. I can recall cases where bankrupts who had been guilty of very mild improprieties were worried by their creditors like rats by a pack of terriers. “It is questionable whether, at the present time, the bow has not been beiit too far backwards. Creditors are now too apt, when deafing with a bankrupt whose conduct lias been unsatisfactory, to take into consideration only the effect a prosecution may have upon the payment oi a dividend, and if they learn they may be prejudicially affected they will vote against proceedings being taken.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19261030.2.68
Bibliographic details
Poverty Bay Herald, Volume LII, Issue 17178, 30 October 1926, Page 7
Word Count
160BANKRUPTCY METHODS Poverty Bay Herald, Volume LII, Issue 17178, 30 October 1926, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in