A BANKRUPTCY
(Per Press Aseoclation.) Obristohurob, Saturday. The first meeting of the creditors of William Maine, jun., bookmaker, was held I at the Official Assignee’s office yesterday afternoon. Mr Francis appeared for the bankrupt. There were eight creditors present or represented. The statement filed showed unsecured creditors £11,565 19s 81, and assets £13,514 11s 63, leaving a surplus of £1948 lls 103. Maine was adjudxated a bankrupt on the petition of Bowron Bros., whose claim was £10,700, after bis refusal to enter into an agreement whereby the business would be controlled I by them until the amount was liquidated. A motion was adopted giving Maine she option of purchasing the business at 16s in the £, failing which Bowron Bros. I offered to pay the creditors 14s in the £ and take over the estate.
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Bibliographic details
Gisborne Times, Volume XXII, Issue 1792, 25 June 1906, Page 2
Word Count
133A BANKRUPTCY Gisborne Times, Volume XXII, Issue 1792, 25 June 1906, Page 2
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