A SOLICITOR'S SMASH.

Dominion, Volume 6, Issue 1737, 30 April 1913, Page 6

A SOLICITOR'S SMASH.

CLAIMS BY ONE HUNDRED CJ! MOTORS, (By Tolcerapli.-I'resia Association.) Timaru, April 29. Details of n bankruptcy caso which created a hoiisalioii) throughout tlio district became )>ublic to-day, through tho fir.-t meeting of creditors' in tlio estate. Tho insolvent is Walter Miaw, solicitor, who, it .is allegod, had been indulging largely in land speculations, and, according to a statement mado by tho Kolicitoi.s and tlio Deputy Assignee, muddled his business badly, Unsecured creditors arc returned b,v bankrupt, as between SO and GO ill raimbcj-. The total unsecured debts amount to .(30,(103, <md'. the assets are estimated at JJ2M4I. Olio largo transaction, in which the bankrupt was con. cerued willi one Trevuwa, appears to have been the solo of properties supposed to bo worth Ji1.'1,3;)5, l'<ir .£7500, but tlio liurcliasiilff company offers to cped (lie bargain on being repaid their deposit, with interest ana,costs. . About 100 creditors wero present, and (lie re wero six solicitors representing different parties. To-day's proceedings wo practically all concerning tho transaction mentioned, mid I lie-meeting was adjourned for a fortnight. It was stated that there are other creditors and other assets. The claMis include sinus of ,t3OOO, .£2BOO, ■£2200, .£2OOO, A'lflCO. ,£llOO, o.nd nino others of over JCSOO each. Tho bankrupt asserts that if the assets are properly realised they will pay 20s. ill the .£.