BANKRUPTCY.

Hauraki Plains Gazette, Volume XXXV, Issue 4645, 7 January 1924, Page 2

BANKRUPTCY.

CREDITORS BLAMED. With some knowledge of the administration of the bankruptcy laws in Wellington, we can say that most of the blame for the inadequacy of the law rests on the shoulders of the creditors, who never seem to b'ack up the Official Assignee, in dealing with the worst cases that come up. Mr Tansley, who occupies that position, is a careful, painstaking, efficient official, and he makes no bonek about calling a spade a .spade when suspicious cases come before him. But the creditors listen attentively, deplore the dishonesty of the bankrupt, shrug their shoulders at the possibility of a prosecution, and show plainly that they consider the first loss the best one. It may be that some of them are afraid that they may be in the same boat themselves .some day, and so the offender against commrecial morality gets off scot free. It is ridiculous to talk abiut altering a law with the idea, of making it more strict, when the men most concerned honour it more in the breach than the observance.—Feeding Star.