BANKRUPT GARAGE PROPRIETOR.
OVER £20,000 DEFICIENCY,
Dunedin, May 11
About fifty creditors this afternoon attended the meeting in the bankruptcy of William Lawlor Side!, a: mutorgarage proprietor, of Dunedin. The total debts amounted to £42,7(54' 3s sd, the assets to £21,801 3s 7d, and the deficiency to £20,872 10s lOd. The total amount of debts to creditors holding securities was given as £12,703 .16s (id, and to unsecured creditors as £24,763 6s lid. There were over a hundred and riftv unsecured creditors.
Bankrupt staled that among other circumstances which brought about his financial difficulties were the loss of. £BOO on a shipment of tyres and the necessity to write off £SOOO on secondhand cars.
After bankrupt had been examined at length the meeting was adjourned for a week to allow him an oppe; (unity to make an offer.
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https://paperspast.natlib.govt.nz/newspapers/MH19270512.2.10
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Manawatu Herald, Volume XLVIII, Issue 3637, 12 May 1927, Page 2
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138BANKRUPT GARAGE PROPRIETOR. Manawatu Herald, Volume XLVIII, Issue 3637, 12 May 1927, Page 2
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