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Hokitika Guardian, 20 April 1928, Page 4

A WOMAN BANKRUPT. GI SHORN ft, April 10. Considerable interest was evinced todav in a meeting ol creditors of Miss livelyn Helen Head, confectioner, and at the conclusion, the meeting edjonrned, and a public examination of the bankrupt is to be held. : Bankrupt's statement of her finances ' showed that £l2 11s was owing to unsecured creditors, and £93 to one secured creditor. The value of the securities was estimated at £llßll. leaving a deficiency of £sl, the total debts being £1268. The assets, including stock-in-trade worth £169. total £2Ol. ’caving a deficiency of £106(1. Bankrupt said that she started business in a small shop in December. 1025. and eighteen months later she also took over a bigger shop, near the ■outre of the town, being financed to the extent of £OOO by a secured creditor. to whom payments were made fortnightly. The business was good in both shops, but later bankrupt .suffered from illness. In December. 1027. hankrunt took stock valued at £327. \ few weeks ago a lire eccurred in the first shop, and bankrupt estimated she :st considerably. Bankrupt was closely examined on be financial a-'ice by the Assignee, ■vho. in the course of the proceedings, sited bankrupt bow. in accordance ith her arrange .met with Mr Robots 'the seemed credit >r) that the ■ took in the shop was to he kept up to 300. did it get down ti £lO6. Bau'kru.rf said t’ust she did not now. She could not account for the took being short, except by depletion v the Xmas trade. The Assignee said that she must Save bought goods up till March. Bankrupt replied that she wasn’t '-ere most of the time. The Assignee said that bankrupt’s purchases between December and Apri’ ■mounted to £854. Bankrupt replied in the affirmative. After further examination. Mr Kirk -aid ho lied been instructed by her Vucklnnd creditors to move that Mrs Head be submitted to a public examinor, ion, and the motion was carried without di«6ont.