In the matter of Walter Dawson, hairdresser and tobacconist, of High-st., Irthlingborough, and formerly of Rushden, who has been adjudged a bankrupt and an order of summary administration made by the Court, the Official Receiver states that the debtor gives as the cause insolvency “Bad trade and illness while at Rushden.”
The Official Receiver’s observations are that bankrupt was 47 years of age, and commenced business as hairdresser and tobacconist at Irthlingborough on June 24th 1907, without capital. He had previously carried on a similar business at High0street, Rushden, for twenty years, and he admits that he was in difficulties when he came to Irthlingborough. In October 1906, he executed a deed opf assignments, his liabilities at that time being about £70. The furniture was claimed by the bankrupt’s wife.
According to the statement of affairs there are three creditors whose debts exceed £10, and of the total unsecured indebtedness £48 was for money borrow, the balance being trade and household debts. The fully secured creditor holds as security the deed of a house and shop at 24 High-street, Rushden.