MEETING OF CREDITORS.

Star (Christchurch), Issue 16906, 4 December 1922, Page 8

MEETING OF CREDITORS.

BANKRUPT PR AMBULATOR REPAIRED. A meeting of cerditors in the bankrupt estate of William Peek, prarabulator ’•epairer, -10. Ferry Road, was held this after- ; noon, tbe Officiul Assignee (Mr A. W. Wattersl presiding. | Bankrupt, in bis bwtou statement said he commenced business alxiut six years aero without capital, as he could not obtain work to support his dependents. By work ins long hours, be was able to provide for them and pay ins way until about two years ago. Since then, owing to the increased rates and charge*; for tbe mat erial used, he bad been unable to make both ends met. He bad made repeated attempted to get away from tbe business and to obtain employment but be had been unsuccessful. He was sued ip he Magistrate's Court, Dunedin, by the larg-est-creditor on November 0*22, J. E. ' Butler Limited, who secured judgment. As they bad since placed a bailin' in possjs- ! gjoii, be was con palled to seek n the Bankruptcy Court to protect his other ! creditors. Asset* were estimated at £BS. including s took* in trade. £SO; furniture, £2O and motor-eyrie £ls. The prin«3ipal creditors • were:—J- Butler Ltd., sadlers, £65; ><■ Jennings, grocer, £1". aufl A. Schumacher, baker, £ll. ’The- diposal of assets was left in tbe bands of the Official Assignee.