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Rushden Echo, 14th October 1898
James Knight - Bankruptcy

A  RUSHDEN  BAKER’S  BANKRUPTCY

UNFORTUNATE  FARMING  EXPERIENCE

  On Tuesday at Northampton Bankruptcy Court, James Knight, of Moor-road, Rushden, baker and general dealer, came up for public examination.

  The statement of affairs showed


£
s.
d.
Gross liabilities
632
17
3
Expected to rank
632
17
3
Assets
78
5
6
Deficiency
554
17
3

  Debtor said he began business on his own account 14 years ago, as a farmer. He then had £100 of his own, and £200 which belonged to his wife, that not having been repaid. He lost £300 at farming, which he gave up 4½ years ago. He could not pay all his creditors when he left the farming but did not file his petition thinking he should pull himself together if he started as a baker.

  The Official Receiver: You have let some creditors out and admitted fresh ones in. Would it not have been better if you had filed your petition when you left the farm?

  Debtor: I think it would. 

  The Official Receiver: Those you owed money to when you were farming have been fortunate, and those who have traded with you since you became a baker have suffered through it. You have really been speculating with your creditors’ money ever since you left off farming?   

  Debtor: I suppose so.

  The examination was formally adjourned.


Transcribed by Gill Hollis
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