CREDITORS ANNOYED
BOOT DEALER’S CONDUCT
Strong dissatisfaction at the conduct of William James Lynch, - a boot dealer, was expressed by his creditors this morning. THEY passed a resolution stating - 1 - that Lynch’s discharge from bankruptcy should be opposed until be makes an offer to meet his liabilities.
The official assignee, Mr. G. N. Morris, gained an admission from Lynch that he had incurred credit to the extent of £75 after he had called his creditors together at a private meeting. “There’s no doubt that Lynch is criminally liable for obtaining credit when he had no reasonable prospect of paying,” the assignee said. Mr. Morris thought further that Lynch’s creditors had been lenient with him. Debtor also admitted to Mr. A. O’Donnell, for the petitioning creditor, that he had secured goods on consignment from a boot firm, but he had not accounted for the proceeds. While Lynch owed £270, his only assets, furniture, were £2O. He said that he had had sheer bad luck by beginning business in a district at Takapuna, which, had been “worked to a standstill.” A slump in trade also affected him. “For a time I and my family were practically starving,” debtor said.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290207.2.147
Bibliographic details
Sun (Auckland), Volume II, Issue 582, 7 February 1929, Page 14
Word Count
197CREDITORS ANNOYED Sun (Auckland), Volume II, Issue 582, 7 February 1929, Page 14
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