Haulier bankrui
7th September 1985, Page 16
7th September 1985
Page 16
Page 16, 7th September 1985
— Haulier bankrui
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A DOVERCOLICT, E! man's haulage business en in bankruptcy and debts over 160,000, Colche5 Bankruptcy Court has heal Registrar Alan Lam in that Michael Dabbs had a ficiency of £62,734, which eluded debts to 51 unsect creditors.
The court heard that Da started his own haulage b ness in 1981 with a b overdraft of 18,000 and I lorries.
In 1982, because of a d in orders and the incre; cost of sub-contract hank Dabbs ceased trading ur his own name. He stai working for Inter Transp which took over his vehic employees and hire purd payments.
But in 1983 Inter Transi got into financial difficult and Dabbs began to trade his own account again.