"As liquidator to the voluntary jidation, I succeeded in interest Gnanciers in the bank Jand entered into an agreement with them whereby they should take over and reopen the LB.C. Ltd. paying all creditors in full and granting, the old shareholders certain assets. which would have produced them ents in the dollar on their share agreement was duly executed and advertised in all the papers. There was one dissentient, 'a Mra. Jen See-thun. Her husband (recently deceased) had been director and holder of $250,000 shares on which he had paid only small percentage at the time of his death. The 25 cents in the loss meant a further payment from his estate. Taking advantage of the fact that she was a (rel small) creditor of the bank i own. right, she petitioned for a compulsory liquidation, which was granted. The order for compulsory Viquidation automatically cancelled, the agreement I had negotiated. The other parties would not recontract. with the official receiver, who now declares he cannot even pay the
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