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The Rushden Echo, 28th June 1907, transcribed by Gill Hollis.

A Rushden Grocer’s Bankruptcy

“Bad Luck And Bad Trade”

  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.

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