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Press, Volume LXI, Issue 18481, 8 September 1925, Page 6

His Only Refuge.

On the sale of Robertson's farm, Heinisch took over the mortgages ot £7OOO of which £3OOO was a tsecona mortgage which was owing to one Clephane. Heinisch undertook to pay off the second mortgage when it_ became due, but he failed to do so xuft, from whom bankrupt purchased toe Kirwee property, was sold up by bm mortgagee, and they claimed on banKrupfc as the original mortgagor tor the deficiency on the property tor principle and interest amounting to over £IOOO. After considerable trouble and negotiations this was settled by Skrupt paying £ooo. Bankrupt sued 'ruit and obtained judgment against him for this amount, but had not been able to recover payment. On account of his outstanding liabiht es, he was compelled to give Fyne Gould Guinness, Ltd., a. ™£* °T his stock and crops in 1924 Bankrupt decided to give up the property on which he owed £6OOO on m On S Sunt of the outstanding mortgages on his Killinchy property, banket was advised to file. At present he was working for wages. He» was a married man with su young chJdren. Mr C. J. Rvan objected to the assertion that the price paid + him for the Broadfields farm was too high, and alleged that bankrupt would hav« been successful with it if he had farmdetails of the different transactions with farms m renlv to the Official Assignee. It was decided to allow thto bankrupt his furniture and a bicycle After discussion, the Oftcial Assignee was empowered to sell the Killing property if, °*«%™*> *° found that any equity exist«d. Mr Buchanan said that the bankrupt would Hke to apply for his discharge in November next. The Official Assignee said Jthat ne saw no objection. . ~ The meeting was adjourned sine die.