IN BANKRUPTCY.

Inangahua Times, Volume IV, Issue 18, 21 May 1877, Page 2

IN BANKRUPTCY.

In Be John CAttix. Mr Staite who appeared for the bank* rapt, applied for a fiaal order of discharge.The debts in the estate were £189*. Assets nil. The bankrupt was unopposed, and no creditor had at any timo interested himself in the estate. His Honor— Tho nevr Bankruptcy Act contemplates the creditors managing the* estate, and dealing with the debtors, bof how infrequent it is that creditors take* the trouble erca to prove their debts iff small estates, seldom, or ever in large" estates. The debtor should be able to place himself beyond the reach of harsh 1 creditors, possibly, therefore, io most* instance recourse will be had to the CourtIn this case, order of discharge will be* granted. In Be WILLIAM D'AITON. Mr Pitt appeared, and applied for an* order of discharge. Bankrupt was unopposed, none of the creditors having at* tended any of the meetings convened. There was no estate. The liabilities were' set down at £1694 15s lid. His Honor— Said that he had not ex« amined the documents critically. Mr Pitt — I hive endeavoured to follow the procedure laid down by the Act, as closely as is possible, but the practice Wat now uncertain. His Honor—That is one of the incon* veniences arising from too frequent changes in the bankruptcy laws. Upon every alteration valuable decisions ob- > taincd at great private expense, become entirely lost to the practitioner and public. It is to be regretted on public grounds. Order of discharge granted, to operate forthwith. In Ec d. p. ANDBBSOir* t TVIr Pitt made a similar application in" this case. The debts were £192. issets nil. There was no opposition, the creditors having failed to attend any of the meet* ings called. Order of discharge granted, to operate forthwith, as in the preceding cases. In Be loots boulettb, Mr Pitt ,Tioved for a similar order. Insolvent was unopposed. The debts wore £456, Assets nil. Order granted as in former cases. His Honor— Enquired of the learned counsel, tho estimated costs of obtaining an unoonosed bankrupts discharge. Mr Pitt — About £25. Tlie present AcH* much less coitiy than tho Act of 1875, t'lousih the vnsdo'n of leaving so much to t' ! ? creditors is questionable. There is raueii truth in tho remarks upon tb it Yo'.nt aircac 1 ? made by your Hony, the boal and tail of tho Act of 18S7, required nmeadmcit, the trunk wa3 sound. His Honor— lt might tbat by and by tho Act will answer, possibly, it is a pity the AH, lf'o7. was not deemed capable of.

Mr'Staite— l quite endorse Mr Pitt, remarks, the advertising is greater unde this Act, but that could be rectified. At the close/of the business, his Hono Offered to sit ngaiu at the end of June, t( enable the liquidator io present hi ichedale of contributions in liaiay Creel Scatters, and &c Court to finally dispos< of tho Sir.tTulius.Yogel Company. " After the learned counsel had con3ultod the judge, fixed, iMonday, the 25th June;