AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

The Man Who Tried in Vain

10th November 1961, Page 201
10th November 1961
Page 201
Page 201, 10th November 1961 — The Man Who Tried in Vain
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

A47-YEAR-OLD South Wingfield man was criticized at Derby Bankruptcy Court for continuing to trade as a haulage contractor when his business was insolvent and he had no hope of paying his creditors.

Arthur Evans Hill, of Birches Avenue, South Wingfield, now a bus driver, told the Official Receiver, Mr. W. W. Jordan, " I was trying all the time to pay off the debts."

He admitted liabilities of £1,356 6s. 2d., with assets of £24 5s. 9d.

Hill said he began as a haulage contractor from his home in 1956 with £200 savings. He bought two lorries, which were later repossessed, and he lost £938 on them. He obtained another lorry under an agreement, but this was also repossessed.

Asked by the Official Receiver why he had tried a third lorry on hire-purchase when another vehicle was being repossessed, Hill said: "I hoped to get enough work to pay off both vehicles."

The hearing was closed..


comments powered by Disqus