FRANK BANKRUPT

Sun (Auckland), Volume II, Issue 589, 15 February 1929, Page 11

FRANK BANKRUPT

FOURTH edition

DELIBERATELY SPENT M MONEY * HONE for his creditors Unusual frankness was shown by Christian Henry Dubi, bankrupt fsrrrier, of Te Hana, when he met his creditors this morning m Auck- j land. Dubi made the easy admisthe official assignee that he had spent a sum of his money so that the creditors wohld not have it. Another aspect of Lubi's case was ! the reference he made in his statement | the conduct of an Auckland legal with which he had had transac- I are libellous, some of these statements of yours,” the assignee. Mr. .. v Morris, informed Dubi. ’lt you cannot prove them they will have to be wither ci wfi . A. member of the fin a concerned was r , the meeting, and. after questioning bankrupt, said that his statements were “brazen impudence.” -Within the last two or three months •£‘>oo has gone,” Mr. Morris pointed out to Dubi. Tan you tell me where it has gone?” Bankrupt: I m sorry. 1 cannot. “What you made up your mind to Bo” said Mr. Morris, 'was to spend tbe money so that there would be none That's right. It was spent to that there would be nothing left for tha creditors. Mr. Morris: Well. I must say, 5011 bre frank. For bankrupt, it was stated that he had had bad luck in his farming. He did not owe money to unsecured creditors but £4.SCO was due to secured creditors. The securities were £2,400. and the deiiciency, £2,480. Bankrupt had a wife and five young children. Dubi said that he had stated in a letter to a legal Arm in 192 3 that the value of the farm was £9,000. but it was now £2,'400. Mr. Morris considered that Dubi's inability to account for £2OO in the recent'months and £6OO since last September was the nust serious aspect of Dubi’s affairs. The meeting was Tdjourned and Dubi was instructed to produce a statement as to where the money had gone.