Meetings of Creditors.

Feilding Star, Volume XV, Issue 321, 23 May 1894, Page 2

Meetings of Creditors.

A meeting of creditors in the estate of H. C. F. Lainpp was held at the Courthouse, Feilding, yesterday, at 2 p.m., the D.O.A , Mr G. J. Scott (in the chair), and about half a dozen creditors being present. Mr >"andi lands appeared for the debtor. The amended statement of assets and liabilities was read, and showed a deficiency of £89 6s. Debtor attributed his bankruptcy to one William Barlett, of Blenheim, to whom he bad lent £150, who filed his schedule and he did not get anything out of his estate. A number of questions were put to the debtor as to how he had spent the money borrowed from various persons. It appeared from the answers given that it was systematic " borrowing of Peter to pay Paul." Mr Wheeler, the bankrupt's present employer, had volunteered, with the consent of the debtor, to pay £8 per quarter out of his wages over to tbe D.0.A., for distribution amongst his creditors. The amount being increased to £10, the following resolution wa3 carried, 11 That the live stock, trap, and harness, comprised in the document held by Mr White be sold by the Deputy Official Assignee, and that the bankrupt's offer to allow the sum of £10 per quarter to be retained by Mr Wheeler out of his salary and applied towards payment of his liabilities until the same be paid in full, be accepted, and that the bankrupt be allowed to retain his household furniture and effects." The meeting then adjourned.

After the above, a meeting of the creditors in the estate of T. M. Jackson, butcher, of Birmingham, was held. The D.0.A., who occupied the chair, stated to the meeting that on the petition of a certain creditor he had adjudicated debtor a bankrupt, had gazetted a notice to that effect, and advised Jackson by letter to appear here that day, and to bring all books and documents with him. Debtor was then sworn, and excused himself for not complying with the notice, on account of not having had sufficient time after receiving the said notice. The D.O.A. read Section 60 o! tbe Bankruptcy Act, and pointed out to the debtor the penalties to which he had subjected himself by not complying with the notice. Mr Fitzherbert, who appeared for the debtor, characterised the pro ceedings of the creditor who had taken the proceedings as arbitrary in the extreme, especially when it was taken into consideration that his client could pay forty shillings in the £. He referred to the judgment in the R.M. Court which had been obtained by Mr Bailey, and explained how the distress warrant had been returned milla bona, and the action debtor had taken to settle the claim. He believed that these proceedings were taken to stifle certain cases which his client had against one of the" creditors. He would ask the D.O.A. to postpone proceedings until the next sitting of the District Court in Palmerston North. After some other questions and explanations it was resolved, Tbat all proceedings in this matter be adjourned for three weeks. The D.O.A. is to take charge of the amount £31 12s 3d, paid into Court, until such time as matters are settled. The meeting then adjourned.