The public examination took place at Northampton Bankruptcy Court on Monday of William Wills, labourer, grocer, and general dealer, 83 Moor-road, Rushden.
The statement of affairs showed gross liabilities £103/17/0, of which £83/4/0 was estimated to rank for dividend; Assets £17/17/0; deficiency £65/7/0.
Examined by the Official Receiver, debtor said he had always considered himself solvent until he was pressed. His largest debt was £40. He had been doing labouring work while his wife looked after the business, but bad luck and bad trade had been too much for them.
The Official Receiver; Yes, but for the last twelve months you have been trading on your creditors’ money, haven’t you?
Debtor; Yes, sir.
Answering further questions, the debtor said that the furniture belonged to his wife, who bought it with money left her by her uncle.
The examination was formally adjourned.