FARMER’S BANKRUPTCY
CREDITORS’ MEETING.
Carterton, November 27.
The creditors in the bankrupt estate of Erues.t Stanley, of Belvedere, Carterton, farmer, met. at Carterton, yesterday. Mr. A. D. Low, deputy-official assignee presided. Tlie amount owing to unsecured creditors totalled .£656 10s. 7(1., the principal creditor being Miss S. R. Crabtree, of Christchurch, £490. Bankrupt in his statement attributed his failure to excessive rent on a leasehold property, a succession of bad seasons, and insufficient capital. The meeting was sympathetic to bankrupt, it being stated that be had been a hard worker, and a trier, who had been handicapped with paying high rent, bad seasons, and insufficient capital. The deputy-official assignee was authorised to abandon the lense of the property .as being of no value, and to inquire into the position of a horse seized under nn unregistered security. He was allowed to retain the sundries, valued at .65. Ths meeting then adjourned.
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https://paperspast.natlib.govt.nz/newspapers/DOM19261129.2.25.5
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Dominion, Volume 20, Issue 55, 29 November 1926, Page 6
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151FARMER’S BANKRUPTCY Dominion, Volume 20, Issue 55, 29 November 1926, Page 6
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