The Failure of a Rotherham Tailor

A meeting was held on Wednesday, at the offices of the Official Receiver, of the creditors of Samuel Curren, tailor and clothier, 79, Masboro’ Street, Rotherham. The Official Receiver stated that the debtor’s unsecured creditors amounted to £165 17s. 7d., and his assets—stock-in-trade, £22, estimated to realise £18; book debts—good, £47 18s. 4d.; doubtful, £19 11s. 4d.; and bad, £15 18s. 6d.; estimated to produce £10; household furniture estimated to realise £15; other assets, £5—total, £95 18s. 4d.; deducting £10 19s. 10d. as preferential debts, left £84 18s. 6d., showing a deficiency of £83 9s. 1d.

The debtor had explained that during the Denaby Main strike, in 1878, he had had debts incurred to the amount of £120, of which he had never received a penny. The Official Receiver said the debtor told him that the goods were pledged with his knowledge. He would have to give a better account of his affairs than he had done, or he would stand a chance of going to prison. The debtor said he could not do better. The Official Receiver said he should require the debtor to make out an account of all the moneys he had received and paid this year, and until he did that he would not pass. If he got credits to over £20 without saying he was an undischarged bankrupt he would be liable to two years’ imprisonment.