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Domestic News
August 5, 1914
The Evening Herald
Albuquerque, Bernalillo County, New Mexico
What is this article about?
Judge Raynolds approved the final report of receiver E. Pinney for the bankrupt Hub Clothing company in district court, discharging Pinney. Creditors to receive about 28 cents on the dollar; $4,748 in assets deemed worthless due to uncollectable bills.
Clipping
OCR Quality
95%
Excellent
Full Text
WORTHLESS ACCOUNTS ON HUB'S BOOKS $4,748
The final report of E. Pinney as receiver of the bankrupt Hub Clothing company was approved by Judge Raynolds in the district court today and Mr. Pinney was discharged. The report shows that a total of about 28 cents on the dollar has been saved from the wreck for the general creditors.
Assets on the books amounting to $4,748 are worthless, one-half being uncollectable bills and the other half bills for such small amounts that cost of collection is prohibitive.
The final report of E. Pinney as receiver of the bankrupt Hub Clothing company was approved by Judge Raynolds in the district court today and Mr. Pinney was discharged. The report shows that a total of about 28 cents on the dollar has been saved from the wreck for the general creditors.
Assets on the books amounting to $4,748 are worthless, one-half being uncollectable bills and the other half bills for such small amounts that cost of collection is prohibitive.
What sub-type of article is it?
Legal Or Court
Economic
What keywords are associated?
Hub Clothing Bankruptcy
Receiver Report
Worthless Accounts
Creditors Payout
What entities or persons were involved?
E. Pinney
Judge Raynolds
Domestic News Details
Event Date
Today
Key Persons
E. Pinney
Judge Raynolds
Outcome
28 cents on the dollar saved for general creditors; $4,748 in assets worthless (half uncollectable bills, half small bills with prohibitive collection costs); mr. pinney discharged
Event Details
Final report of receiver E. Pinney for bankrupt Hub Clothing company approved by Judge Raynolds in district court