IN BANKRUPTCY.

Press, Volume LX, Issue 18237, 22 November 1924, Page 2

IN BANKRUPTCY.

CREDITORS PROMISED FULL PAYMENT. The adjourned meeting of creditors of If an: Tret Jane Wyrnan, spinster, Ripon street, Lyttelton, was resumed yesterday, the Official Assignee (Mr A. TV. TVatters) presiding*. The statement, which was published in the report of the first meeting, showed that the amount owing to secured creditors was £782 10s, the estimated value of the securities being £I2CO. The total owingg to unsecured creditors was £269 Us. The Official Assignee read the minutes of th? last meeting of creditors, which had been adjourned at bankrupt's request to allow her time to receive money from "Wellinston, which would enable her to pay her creditors ill full. "* ilr Batchelor fcaid bankrupt expected to receive the money from "Wellington on Monday, and he would ask for a further adjournment to that date. Mr G. P. Purnell, representing a creditor, said he objected to a further adjournment. That was only another of Miss "Wyman'a "famous promises." She had made eo manv promises the last twelve months that no reliance could be placed upon her word. He would move that the Official Assignee wind up the estate. ' Mrs Murdoch: I second that. She promised to pay me ihree months ago. Mr Batchelor said that bankrupt had received a letter from "Wellington stating that r sum of money would be mailed on Satur--7* A creditor asked why the letter was not PI Mr Ü Batchelor said he had not fieard about the W.ter till half an hour previously. " Mr Vaflers said that in any case he would not maka a sale before Monday. He would tro on in the ordinarv way to administer the estate, and if the. money turned up by Monday. well and good. The creditors concurred in this. A creditor asked what was the amount of the sum promised. Mr Batchelor: £3OO, I understand. "r McDougall: Is it. a gift or a loan? Bankrupt: It is a, gift. Mr McDougall: A gift of £300! t» r McDougall said an opinion should be obtained as to the validity of a third and fpurth mortgage on the house. Mr "Watters said he would obtain an reply to •& question the Official Assignee said that the only property was the house, •upon wliicn there were four mortgages, and the furniture. If tno amount of £3OO were received, it would be used in paying the unsecured creditors, to whom £269 14s was due. The secured creditors had equity in the assets. . 4'. The meeting was adjourned sine die.