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| Rushden Echo, 14th October 1898 |
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James Knight - Bankruptcy
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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
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. |
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Transcribed by Gill Hollis
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