Deficiency of $3524
Insufficient capital to set up a business and lack of management experience were two reasons for bankruptcy given by Lynn Elizabeth Kewley at a meeting of creditors. Loss of customers and increased overheads in her hairdressing business from additional employment of staff because of illness also contributed.
Mrs Kewley showed debts 6f $3613 to seven unsecured creditors. Her assets amounted to $89.70, leaving a deficiency of $3524.27. Mrs Kewley is aged 22 and has a dependent daughter. The quorum of creditors moved that attempts be made to sell the assets by private treaty.
The Deputy Official Assignee (Mr L. Anderson) conducted the meeting.
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Bibliographic details
Press, Volume CXIV, Issue 33606, 7 August 1974, Page 14
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106Deficiency of $3524 Press, Volume CXIV, Issue 33606, 7 August 1974, Page 14
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