Postby dognose » Sat Jul 25, 2020 3:52 am
J.A. VASSALI
Nicholas Street, Scarborough
MEETINGS OF CREDITORS
Re J. A. Vassali, Jeweller, Nicholas Street, Scarboro'.—In pursuance, of a circular issued by Mr. Tasker Hart, solicitor, Scarboro', a meeting of the creditors of the above was held at the "Inns of Court," London, on the 9th ult., when the statement of affairs submitted showed liabilities £2,437 8s. 11d., and the nett assets devisable amongst the unsecured creditors £626 14s. 2d. It appears that in 1888 an arrangement had been made, whereby the then creditors received 10s. in the pound, and since that time the debtor appears to have been more or less unsuccessful, and, in consequence of the holder of a bill of sale which had been given to provide the funds for the payment of the dividend under his former failure having taken possession, it was deemed necessary to convene a meeting in order that some arrangement might be made with the trade creditors. No offer of composition was, however, made to the meeting, but it was ultimately decided that the meeting should be adjourned for ten days in order to give the debtor an opportunity to make an offer of composition, and with this object Mr. G. G. Poppleton, C.A., general manager of the Wholesale Traders' Association, along with Mr. Tasker Hart, solicitor, Scarborough, were appointed to endeavour to effect some arrangement whereby the trade creditors might receive a cash composition, and to report at the adjourned meeting.
Source: The Watchmaker, Jeweller and Silversmith - 1st May 1890
Trev.