BANKRUPT BOOTMAKER
“HAZY IDEA OF BUSINESS” “He has a very hazy idea of his business matters, and it is apparent he has no idea of running such a business. It seems to me he is a bootmaker who should have stuck to his last.” In these terms, the deputy official assignee, Mr. J. H. Robertson, summed up his examination of John Goodwill, a bankrupt bootmaker of Morningside, w’ho faced his creditors yesterday. Bankrupt’s schedule showed £443 owing to unsecured creditors, and £934 to secured creditors. The value of securities was given at £I.OOO. The assets consisted of stock-in-trade £2OO, book debts £ls, cash £66, and fittings and plant £IOO, and surplus of securities, £65. A nominal surplus of £3 was revealed.
It was decided to abandon the surplus of securities, £65, to the mortgagees of bankrupt’s property, which was said to be worth £I,OOO.
A resolution was also passed instructing the committee of creditors which had previously gone into bankrupt s affairs to make further investigation, in collaboration with the deputy official assignee, the stock meanwhile to be sold by auction.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19270802.2.133
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Sun (Auckland), Volume 1, Issue 112, 2 August 1927, Page 12
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181BANKRUPT BOOTMAKER Sun (Auckland), Volume 1, Issue 112, 2 August 1927, Page 12
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