THE BANKRUPTCY ACT.
There,.is something wrong with the 'Bankruptcy^Act when a person owing £43 can .spend. £6 in filing fees. In these days, Magistrates do notmake orders for imprisonment unless it can ibe shown that the debtor is in a position to pay isomething off the' amount owing. That being the case, there should be no possibility of filing unless the .amount involved is at least £IOO, and it can be shown that the placing of the affairs of a. 'bankrupt in the liands. of an Official Assignee is .necessary for the •protection of the interest* of the creditors' as well as those of the debtor. Before a debtor am jpermibted to file, his position should be reviewed -by & 'Magistrate or other Court of competent The matter is. one which Channbeirs of Commerce might with advantage . discuss. i ■ ■ ■ ■ .
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https://paperspast.natlib.govt.nz/newspapers/WAG19110929.2.15
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Wairarapa Age, Volume XXXII, Issue 10436, 29 September 1911, Page 4
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138THE BANKRUPTCY ACT. Wairarapa Age, Volume XXXII, Issue 10436, 29 September 1911, Page 4
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