BANKRUPT ENGRAVER

Sun (Auckland), Volume II, Issue 461, 17 September 1928, Page 13

BANKRUPT ENGRAVER

EMPLOYER WHO BECAME EMPLOYEE “You have not got a clean sheet,” Mr. G. N. Morris, the official assignee, told Henry Parkin, who met his creditors this morning. Mr. Morris added that Parkin’s discharge from bankruptcy would be opposed until he made an offer to his creditors. Parkin admitted that he had been fined £5 recently for being on gambling premises. Mr. Morris went on to say that Parkin had contracted debts of about £4O or £SO when he was insolvent. Parkin said he had no assets, and his debts were £202. He had been in business as an engraver in Wellesley Street, and said his failure had been due to slack trade and the withdrawal from partnership of a man who had been learning the trade. In August, 1924. another partner was taken in, and with the money received bankrupt paid the liabilities of the previous partnership. After 15 months he assigned his interest to the new partner for money owing. Mr. R. N. White pointed out that, although Parkin had changed from employer to employee, he had been getting as much from the business. ‘‘lt is singular that the change took place when a distress* warrant was being issued again Parkin,” he said.

Mr. Morris said that bankrupt had found money when he kad been pressed, and some offer should be made to the creditors.