BANKRUPT'S CHRISTMAS BOX.
I_s __■ (By Telegraph.—Prcssf Association.) Auckland, January 12. A boot operative named Tom Goldsmith, residing in Grey Lynn, who met his creditors in the Official Assignee's office -to-day, had the unusual experience, after refusing to make an offer to his. creditors, of being presented with the balance of his assets, about £7, as a Christmas box."-''''Tho Official-'Assig-nee (Mr. D. Fisher).' in -opening tiio meeting, stated that the bankrupt estimated his liabilities to unsecured creditors at £10Q„&. Id., and'his assets, comprising furniture, had realised £40, leaving an apparent deficiency of £60. The bankrupt, when filing his petition, seemed prepared to make an offer, but said he,would consult his friends first, and it now appeared that he had decided against the proposal. Asked if that was so, the bankrupt replied in the affirmative, and inanswer to further questions,, stated that- when ehiployed he. earned. £2'l2s: per week: "He did not now have to. support his wife, and had no family. ' 7 ' '. The Assignee: You are entitled under the Bankruptcy Act to £20, tho amount, realised on your furniture. Do you intend to claim that? .
The bankrupt:': Yes. The Assignee'said'that in the absence of: any offer...from,.tho .bankrupt hewould feel it -his duty to oppose the bankrupt's discharge. After the payment of tlio amount which the bankrupt, had - borrowed in order to enablo mm to file, and subsequent bankruptcy qxpoiiscs, there would bo about £7 left for tho creditors, and. the question was what did they want.to do'with this. Tho four creditors present, after a consultation, expressed tho opinion that the £7 was- not worth dividing,-, and decided to hand tho amount over to the bankrupt as a Christmas box. ' The Assignee said this resolution had placed him in. a rather .awkward position, as ho had to interpret it as an expression of sympathy.- ■>■■■'.'. Tho .creditors, dcclinirig'to' pass, any resolution regarding tho .bankrupt's discharge, the meeting was adjourned sino die. • ■
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Dominion, Volume 4, Issue 1024, 13 January 1911, Page 8
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318BANKRUPT'S CHRISTMAS BOX. Dominion, Volume 4, Issue 1024, 13 January 1911, Page 8
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