A BANKRUPT’S PLEA.

Wairarapa Age, 11 February 1927, Page 5

A BANKRUPT’S PLEA.

INSOLVENT THROUGH DIVORCE. PALMERSTON N., February 10. A meeting of creditors in the bankrupt estate of M. N. Sarchieh, Harbour Boawd employee at Wellington, and formerly a restaurant keeper of Otaki, lapsed for want of a quorum. la a lengthy written statement the bankrupt said that he was solvent in 1921, when he was a fisherman at Plimmerton. The same year he had been awarded £l5OO damages in divorce proceedings, in which G. V. Shannon was co-respondent. Shannon, he said, was now bankrupt, and only a very small portion of this £l5OO had been collected. Later he went farming at Matamau, but had not done welL He had not had any surplus cash, and had been waiting for the £l5OO so that he could get started properly. Finally he had come out with nothing, and started tearooms and a fruiterer’s business at Otaki, where he did fairly well. After three months he sold out, but continued to live in Otaki, doing casual work. For the last three months he had been in Wellington. He attributed his bankruptcy solely to the divorce proceedings and his failure to decover* damages awarded him. The cost of keeping his four children without having a proper home had taken up all he had been able to earn. He maintained that he had absolutely no assets, and that he could make no offer out of the amount he was now earning.—(P.A.)*