BANKRUPTCY.

Sun (Christchurch), Volume I, Issue 262, 9 December 1914, Page 9

BANKRUPTCY.

A meeting of creditors in the estate of Daniel Dyer, butcher, was held vestei'dav, before the Official Assignee, Mr T. D.'Kendall. The' bankrupt's statement showed that the amount owing to unsecured. | creditors was £640 12/9, and to secured [ creditors £835, the estimated value of [the securities being £750. The total ! assets were estimated to produce £ll4, leaving a deficiency of £6ll .12/9. The : principal unsecured creditors were:— J. E. Ferguson, Halswell, £l2O 5/-; Pyne and Co., £9O 14/5; W. S.'Wotten, , Oamam, £63; C. Pearce £26 3/4; C. Hill, £148; Peebles' Trustees, £115; A. H. Noall £4O; and the Canterbury By-Pro-ducts Co., £l2. The secured creditor was the Christc.hurch Drainage Board, which holds a mortgage for £835 over the bankrupt's property. In his statement the bankrupt, who said he had been in business for 21 years, showed that he had a continuous run ol" business reverses and had been unable to make any headway. The creditors expressed sympathy with him and were of opinion that a small butchery business was not a profitable enterprise at "the present moment. It was decided to leave the estate in the hands of the Official Assignee to wind up and that the bankrupt should be allowed to keep his furniture and be granted a discharge as soon as he applied l'or it.