A Dumb Bankrupt

Sun (Auckland), Volume 1, Issue 72, 16 June 1927, Page 8

A Dumb Bankrupt

MEETING OF CREDITORS “UNWISE TO ENTER BUSINESS” T ABORIOUSLY writing his more involved answers, or shaking his head in assent or dissent, W. J. D. Moore, a bankrupt who had lost his voice in an accident, disclosed his financial condition to his creditors this morning. Mr. Moore had been a builder at Mount Albert. He was a married man with five children. Mr. G. M. Morris, official assignee, presided. Previous to starting as a builder, read bankrupt’s statement, he had been working as a ganger for Sir W. G. Armstrong, Whitworth Ltd. and had met with a serious accident having his throat crushed and the vocal chords destroyed. He was unable to work for 12 months afterwards, his left arm and leg being _ partly paralysed. Pie received compensation amounting to £350 and came to Auckland a year ago with £250 with which he began as a builder.

Assured that he would have no difficulty in selling houses he built three in Churchill Park, one of which resulted in a financial loss, and the other two could not be sold now except at a loss.

He then lost heavily on a house built by contract and was compelled to file.

The defiiciency shown amounted to £5Ol 8s 9d. Unsecured creditors were owed a total of £1,233 Gs 9d.

Bankrupt explained that he had picked up carpentering while building five or six farmhouses between 19i2 and 1914. He had drawn £6 a week out of the iobs while he was working on them.

Mr. Moore had had misfortunes, said the Official Assignee. When he came to town he apparently ought himself fit to enter the business but he was unwise to do so.

The creditors agreed that Mr. Moore had been very fair about his financial position.

A resolution was passed that the balance of £527 18s 9d due on the contract job should be abandoned to the lien holders to share.