BANKRUPTCY.--(THIS DAY.)
(Before Mr. Commissioner SHEPHERD.)
THE PETERSFIELD BANK—IN RE CHARLES COTTON BUTTERFIELD.
To-day was appointed for the last examination of this bankrupt, who had carried on business as a banker at Petersfield under the firm of Butterfield and Co.
The bankrupt did not surrender at the last meeting, and it was stated that he had gone abroad to avoid his creditors, and he has not since been heard of.
Proofs to a considerable amount were tendered or claimed against the late firm, in which Mr. Currie, a solicitor of Lincoln's Inn, was a partner; the partnership, however, was dissolved. An objection was taken to the claims being admitted against the separate estate of the present bankrupt, as there were large assets of the joint estate, and Mr. Currie was also a solvent partner.
His HONOUR held that the proof could not be admitted, but the remedy was against the joint estate or the solvent partner.
No accounts have been filed, but the debts are estimated at from 10,000l. to 12,000l., and the assets, in round numbers, at 8,000l., but subject to a decree in Chancery for a heavy sum.
The assignees are Samuel Seward, of Weston, gent., Charles Parr, of Sheet, gent., and Richard Gale, of Horndean, merchant.
The bankrupt, should he not surrender, will be proclaimed outlawed in the usual manner at the rising of the Court.
Shipping & Mercantile Gazette - Wednesday 26 September 1849
IN RE THE PETERSFIELD BANK.—The bankrupt, Charles Cotton Butterfield, who carried on the business of banker at Petersfield, not having surrendered to the fiat which was issued against him on the 26th of July last, was this day proclaimed an outlaw in the usual form by Mr. Johnstone, messenger in Mr. Commissioner Holroyd's court.