IN BANKRUPTCY.

Manawatu Standard, Volume XLV, Issue 128, 4 May 1925, Page 11

IN BANKRUPTCY.

PELT GRADER FILES. A petition in bankruptcy has been filed by Alfred John Beken, pelt grader, of Feildir.g. In the statement of assets and liabilities furnished by bankrupt, assets are shown as amounting to £BS (£ls from furniture and bicycle and £7O surplus from securities m the hands of secured creditors) while liabilities amount to £l4l 16s sd, leaving a deficiency of £56 16s sd. The unsecured creditors and the amounts due to them ere as under:—Diamond and Hart, £4 12s 6d: Lauchlan and Coy., £5 12s 6d; Hospital Board, £5 6s; all of Palmerston North; H. Hope, £l9 8s; J. Packer, £1; Aitken and Evans, £7 10s: J. O’Neill and Coy., £1 9s; A. G. Wilkes, £3 03 lid; W. H. Bain and Coy., £1 10s; Humphreys and Joy., £4 10s- E D. Drake, £4 8s 7d; J. Wallbank, '£7 Is 9d; W. Bramwell, Ltd ,£7 5s 9d; G. Wells, £2 13s 4d; Lindsay and Coy., £1 5s lOd; A. H. Sutton and Coy., £1 6s Id; Mann, 10s; D. Prydo, 10s; Ilaggitt and Elliott £6 16s; E. W. Whitehead, £1 16s lOd; F. Taylor, £lO 8s 4d; W. James, 17s 6d ; A. Koberstein, _£3 17s 6d ; F. C. Hogg, £18; Singer Sewing Machine Coy., £2O; all of Feuding. The secured creditor is the Feilding Farmers’ Freezing Coy., the amount of debt being £IBO, the security for which is estimated to realise £250. Bankrupt, in his personal statement, lodged with the D.0.A., sets out that he is a married man but has no family. He has been working for the Feilding Freezing Coy., for the past nine years as a pelt grader at a salary of £5 per week. About three years ago he purchased a house and section from the company for £320, payment to be made at the rate of £lO per month for the first nine months, and thereafter at the rate of £6 5s per month. He had kept up the payments until about three months ago, but, owing to the heavy payments required, he had allowed his accounts for groceries, eto., to stand over. His creditors were now pressing for payment, one having obtained an order of the Court for payment at the rate of £1 pat month, while others had threatened to take proceedings. He attributed his position to the abovo conditions.