BANKRUPT FARMER
SYMPATHETIC CREDITORS (From Our Own Correspondent.) HAMILTON, Tuesday. I Creditors in the bankrupt estate of i William Cleary, farmer, Horsham Downs, when he met the acting-official assignee in Hamilton yesterday, expressed sympathy with bankrupt and passed a resolution asking the assignee to facilitate his discharge. The view | was held that he was the victim of misfortune. Bankrupt’s schedule showed a deficiency of £1,138 10s, the liabilities totalling £1,518 10s, and the assets £3BO. Bankrupt stated that he bought 107 acres at Horsham Downs for £39 10s an aero*in 1926. He paid £9OO in {cash, and spent £9OO in improvements. The price of butter-fat fell, and in September, 1926. he handed t i© property over to the mortagees, and i undertook to farm it for two-fifths of what it produced. The farm was sc Id last June, and bankrupt sought oth-er employment.
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Bibliographic details
Sun (Auckland), Volume I, Issue 302, 13 March 1928, Page 11
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143BANKRUPT FARMER Sun (Auckland), Volume I, Issue 302, 13 March 1928, Page 11
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