IN BANKRUPTCY.

Press, Volume LIII, Issue 15868, 5 April 1917, Page 3

IN BANKRUPTCY.

INSTATE OF W. C'. H. WIGLEY

A further meeting of creditors in the estate of W. C. 11. Wigley, solicitor, Christchurch, was held yesterday, the Official Assignee (Mr T. D. Kendall) presiding. The following motion was presented for consideration : — "That upon a sufficient sum being paid into the estate to enable a dividend of 10s in the £ to bo declared, tho creditors do hand back to tho debtor his furniture and the Mays road property, and do rccommend that ho' be granted au immediate discharge." Mr Grcsson, who appeared for bankrupt, said he could make no definite offer, but ho le't he v.-a 5 safe in saying that if tho creditor passed the motion in the form it was presented to them the dividend would he forthcoming. By the time the resolution was confirmed, he woukl know definitely whether the amount would bo forthcoming or not. Ho suggested an amendment of the motion io make it read a-? follows: — "That upon a sufficient sum being Y>aid into the estate to enable a dividond of 10s in the £ to be declared tho creditors will accept the same, in full satisfaction of all claims against the debtor or his wife, and will hand back to the debtor his furniture and the May's road property and do recommend that he be granted an immediate discharge." _ Mr H. J. Beswick, representing Dalgety and Co.. moved tho motion as amended by Mr Gresson. It did not bind the creditors in any way. he said, but gave the friends of bankrupt an oportunity of finding the money. Mr Gresson stated that an ordinary creditor had been waid in full. Ho had obtained from debtor's wife a promissory note for the amount of his debt, "about £-0, and this had rendered her separate estate being liable for The Assignee: That won't affect tho rest of tho'creditors getting 105 in the £? 1 r Gresson : No. Mr Gresson went on to state that it looked as though tho estate would pay lis or 12s in tho' £. The Assignee said he had seen a number of the creditors, and they wero favourable to t-ho Tsotion. It wa-s stated that before the confirming meeting was held the stock would bo r-oKI. The motion, moved- by Mr Be.-wick, was carried.