Bankruptcy Proceedings: The failure of Horsley Brothers: Re: Horatio George Horsley, Hubert Joseph Horsley, and Alfred Howard Horsley, trading in co-partnership under the style of Horsley Brothers and carrying on business as builders and contractors, at Alcester Street, Lower Lawrence Street, and Duke Street, Birmingham, and latterly carrying on the same business in Newton Street, Birmingham … Mr. Pinsent (Barlow, Smith and Pinsent) appeared as solicitor to the debtors, two only of whom attended, a medical certificate being put in stating that Hubert Joseph Horsley was too ill to leave his house … (statement of affairs) … Another creditor complained of discrepancies between the present statement of affairs and that submitted to the private meeting. The Official Receiver said that it would be his duty to go into any matter of that kind. Mr. Pinsent pointed out that the balance sheet submitted to the private meeting was prepared only on the accounts to the end of June, though it was not submitted to the creditors till July 13th. The Official Receiver: I think I stated that the debtors did not know of their insolvent position until the balance sheet was prepared. Mr. Pinsent: As soon as the balance sheet was prepared showing that the estate was insolvent, I told the debtors to stop all trading … … Several of the largest creditors stated that they could not accept the offer. The Official Receiver: Are you in a position to improve it, Mr. Pinsent? Mr. Pinsent; Not in the least: The gentleman who offers the security does so on the condition that these terms are accepted … …
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GROxxxx Devonport