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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1972, Lethbridge, Alberta 14 THE 15THBRIDGE HERAID Tiiurliloy, Autjusl 31, 1972 How it works need bucks to declare bankruptcy IJy l.AHUV IIKNMVTT I'li'i-ulil Stuff Writrr You have to have some money before you cm go bank- rupt. William Lord, a local char- il and the first Trusteu of Unnkruyilcy to have been appointed for LcthbrklRO nnd district, said "some pel-sons who don't linvc any money can't afford to go Bankrupt. "A trustee's source of reim- bursement for liis lime and costs can only come from the assets of the bankrupt person. When such assets are not avail- able the trustee is unable to take the assignment. J "The minimum charge for bankniptey proceedings, includ- all costs, is about S5W) and often tunic a bit higher if I have, to Mrc a said Mr. Lord. Ttio federal government is currently developing a special pendent, nmJ the HabiHlies must not be Ilic result of business debts. "The new program is already in effect in Toronto, Montreal and Vancouver and is scheduled to begin in Calgary and Ed- monton before the end of the program to help persons in (i-iyoar. nmicinl trouble who are unable I "Trustees for Ihe new pro- to afford bankruptcy. NEW DIVISION "The government has set up pram will be paid by the eral he said. Asked how a person with .so separate division which will i small an annual income could handle certain smaller bank- ;bcfomc badly indebted, Mr. Lord ruptcies under restrictive con- ditions for a basic fee of The two most restrictive conditions are that the income of a single person seeking bankruptcy can't exceed S3.000 year, with only minimal increases allowed for each de- said the blame, could be affix- ed to finance companies who will loan money to almost any- one and charge interest rates calculated to pay for the ac- counts lost as a result of bank bave the social sligma sci often attnclied to it. A bankruptcy' oflcn results cilbcr from terri- ble mismanagement of money or a very fool-hardy he said. "Or.e of the main objectives of the bankruptcy laws is to provide the bankrupt person with the opportunity to rehabili- tate himself, as well as lielp creditors recoup some of their money. "Bankruptcy is often a way for a pel-son to correct past -nistakes and start be said. It lakes a year to complete a bankruptcy proceedings, during which the prohibited bankrupt is by the court from applying for credit. He can "Bankruptcy really shouldn't i directed to contribute some of visitors With seven full-time stnf, and "terrific" support from local visitor information bureau, and the city's community services department, Fort Whoop-Up lias had its best summer ever. Close to persons will have the fort complex at Indian Battle Park when doors close (or the summer at 3 p.m. Monday. That's more (ban twice the number of visitors last sum- mer, said Rod Draffin, chair- man of the Fort Whoop-Up committee of the Lelhbridge Kinsmen Club. The replica of an early whisky trading stockade was built for in 1967 as a Centennial project in a joint effort between the city, the province, the fed- ON SEPTEMBER 1st CROSLAND PEACOCK LETHBRIDGE CO. LTD. Will BE TEMPORARILY LOCATED 323-7th STREET SOUTH (NEXT TO FRANK WAIKER'S) PENDING COMPLETION OF PERMANENT OFFICE QUARTERS 519 7lh STREET SOUTH eral government and the Kins-1 men. It is worth more than today, said Air. Uraffin, and plans call for improvements for text summer. A second Indian teepee and mprovemenls to a six-minute color slide and tape prcsenUi- ion of the fort's history arc among plans for next year. Mr. Draffin credited 9 a.m. :o il p.m., seven days a week opening tlds summer for part of the success. Last summer the fort was open "irregularly" from 11 a.m. to 8 p.m. and sometimes opening in the afternoof. Last year there was only a full-time staff of three at tlw fort. Five extra workers were hired for the June I to Septem- ber project and were versed thoroughly on the fort's history. The Kinsmen Club runs the operation which includes reven- ue from admission, a conces- sion stand and rides on an au- thentic battery-driven train that was purchased in 1966 from the now dormant Shaughnessy coal mme north of the city. Next year, Mr. Draffin said, perhaps a federal Opportunities for Youth grant may be ob- tained to pay some of the costs. U of L spring sludcnls Included Scholarships to be extended The two Travel and Conven- iton Association of Southern Alberta traveller information booths in Lcthbridge did a "terrific" job at promoting the [ort this summer, he said. 'Frank Smith (tourist asso tion manager) lias dor.e a great ,ob for said the Kinsmen officer. "They told people where we were nnd their people were well versed on what was down here." Mr. Draffin said the city's parks employees helped set up the fort "work parties" of Kinsmen and inmates at the Lcthbridgc Correctional Insti- tution spent many hours "clean- ing up." Next summer, for the first time, the fort complex should entirely self supporting, lie said. Attendance during the sum- mers since opening has been: 1967 visitors; 1068 1SC9 1970 1971 and this summer Admission to the fort this year was 50 cents for adults and 25 cents for children six to 18 and students. The train ride for ev- eryone was 15 cents. Children under six wore admitted free. bis income (or that lime to a (rust fund of assets maintained by tile trustee. Mr. Lord explained that not all creditors are paid on the same basis. "There are three classifica- ions for creditors, they are: secured, preferred and ordinary creditors. Secured credits are those, that lave a charge against a specific asset such as a bank or fi nance company would have against a piece of equipment. Their claims are dealt with first. The preferred creditor is the next to receive money following :he liquidation of assets. Pre fcrrcri creditors include all gov. ernments (for taxes owing) employees, for back wages am landlords who are prcferret creditors only for a maximum of three months back rent lliough much more may be nn- paid. "Ordinary creditors are paid from whatever money is he said. Mr. Lord did not actively be- come involved in bankrupt- cies until January of this year and Ls currently the trustee for 12 bankruptcy actions in Ijeth- bridgc. "At first I thought the job of trustee was terribly cold, be- cause there was no one on the side of the person going bank- rupt, but when you think alwut it, during the one year period of the proceedings the person really doesn't need anyone be- cause be is being protected by the laws. 'While undergoing the pro ceedings a person's car may not be if it is need- ed for liis work, his wages can'I be gr-rnisheed and he can't lose more than equity in liis home, he said. Bankruptcy is not an escape all for financial problems, how ever. "A bankruptcy action does not relieve a person of the re- sponsibility of meeting alimony payments or of avoiiMng pay mcnts determined by a cour to he the result of fraudulent he said. 'At the end of the year fol lly UON limilil Staff Writer The University of j is making a move to plug a gap r> its scholarship program. Until now, there have been- no university administered schol- arship available to students starling classes in the spring lowing UM proceedings a per son who has gone through bank ruptcy regains all the borrow- ing rights of a person who has not gone bankrupt. He jus linds it harder to get a he said. Big Savings On Qualify Glidden Paints EXTERIOR VALUES! ENDURANCE EXTERIOR OIL BASE Moisluro Extra Durability Flows On Easily Dries to a beautiful gloit Dries to a beautiful gloil GALLONS, ONLY NO. 1882 BRILLIANT WHITE 'Non-Chalking Gallons SPRED ACRYLIC IATEX i to n (lot durable finish i ort eoii smoothly i Tools and hondi clean up in waler GALLON, ONLY CARAVEUE EXTERIOR WHITE TOP QUALITY AT A BUDGET PRICE SALE PRICE GAILONS, jl ONLY..... INTERIOR VALUES! GLIDDEN SPRED SATIN LATIX WALL PAiNT Dries In 30 minutes. Velvety made-flat finish. Washable, even spot scrubbablo. GALLONS, SPECIAL........ scmesLer. Tlic university's scholarships, have all Ijccn awarded to fall semester stud- ents, except in 1968-G9. How- ever that scholarship was dis- continued and the divert- ed to other areas. However, officials at the U of L have recognized Ihe imbal- ance they say at least one scliolorship will be available this spring and possibly rnorc. depending on the amount of money available. The univer- sity has SSC8 sel aside for spring scholarships. 0 t b e r scholarships arc awarded lo U of L students but hey are adminislercd by out- idj agencies anil are oul of the :cmtrol of the university. Most of these scholarships arc geared to the traditional aca- !cmic year September to .iay rather than Ihe temos- er syslcm at the U of L. "We ran'l expect these groups to change Ihcir require- ments for one-fifth of the stud- ent population in we ire in the said Jules student awards offi- cer. MORE IN FAIJ. Frank Schaffer, chairman of the general faculties council scholarship committee, said more entrance scholarships arc available in the fall because this is when most students come to the university. "Most of Ihe students who enter in the spring arc in the mature studenl calegory those who have been out of school for at least a year nnd a lot of them wouldn't qualify for a he said. In 1970-71, 29-1 new students registered in Ihe fall compared with 78 in the spring semester. In Ibcre were 291 fall freshmen and 100 in the spring. Mr. Schalfer said, however, that he feels there is a need for spring semester scholar- ships hut he would also like in see more scholarships available at all levels. MONEY QUESTION "It's just a queslion of mon- he said. "We need more scholarships in all areas. I would like lo see us ho able lo offer a good scholarship to ev- ery student with an average of above 80 per cent." There have been some curl- us changes in the scholar- hip picture in recent years. Figures show that students aren't as ir.leresled in scholar- ihips as they once vere. Tn 1968-69, when lha U of L enrolmenl was less than here were 70 scholarship appli- cations at Ihe first-year level year, only 21 students ap- ilied for entrance scholarships sven though the enrolment haci ncrcased lo more than ".Students don't seem nr, Inter- ested in getting n scholarship they once said Mr. jcliotilicr. "They just apply for loan. Last year, two-thirds of our students received loans." However, (he university still plans to work at improving its scholarship numbers, including .fie number available to spring slr.rters. They want to correct the ex- isting situation which results in a student starling in the spring Iwing unable to qualify tor n continuing scholarship until the cud of the third semester 1EJ motilks later. The student would have lo lake eight courses per semester lo qualify earlier. The mal course load is five sub- jects. Now's the time to fight brome Downy bromc, a grass native to North Dakota, is becoming a serious weed problem in south- ern Alberta. Murray McLclland, district agriculturist for and Warner counties, raid (here are no herbicides cleared for the conlrol of the grass, commonly known as chealgrass. He said cultivation and crop rotation seems to be the only ways of controlling il. Mr. McLelland said the downy GLiDDEN SPRED LUSTRE AlKYD SEMI-GLOSS ENAMEL Resiirt grente, iteam, food, a clef i Velvety sheon Perfect for woodwork, kitchens and bathroomi .95 GALLONS, SPECIAL 444 QUA15TY PAINTS FINE QUALITY 444 SEMI-GLOSS WHITE ONLY QUARTS, SPECIAL 1. FINE QUAIITY <144 EXTERIOR WHITE GALLONS ONLY 4.99 MISS MIX AND DISCONTINUED COLORS DISCONTINUED 3 OZ. SPRAY BOMBS Regular 79e each NOW DISTRIBUTORS OF GLIDDEN PAINTS IN LETHBRIDGE AND DISTRICT 318 7th ST. S. PHONE 328-4595 Beer thief remanded one week A Lcthbridge youth, who :olc -J2 cases of beer with the elp of three juveniles, was cmandcd in provincial judge's curt until next week [or sen- encuig. Court was told Stanley Flippi, (j, of 828 7lh SI. S. and three ounger friends broke the seal a a CP Rail box car or. a iding in the city Aug. 21 and nade off with the cases of beer, vhich they hid in bushes near he site of the crime. Judge L. W. Hudson ordered he youth be released on his recognizance one week vhile a pro-sentencing report is completed. The pre-senlcncing report and v.'cre ordered after Judge Hudson discovered the had had his ICth birth- day June 7. 'It scemn hardly fair Ural you should be dealt with -nore mrshly than the others when you have been 16 for only such short said Ihe judge to Flippi. No date has been set for the appearance of the three juven. Ics in Lcthbridge juvenile court. brome should be destroyed in Ihe first stand seedling stage in the fall lK.'fore winter wheat is planted for best results. Winter wheat is seeded following the fall harvest. "II u.imilly germinates in the fall and by spring the plants have developed a deep root system which makes il resis- tant to control by cultural rail'. Mr. McLclland. "Adding spring wheat to the rotation of crops makes It pos- sible lo thoroughly cullivalc and destroy the .seedlings wilh a disc prior to seeding." Since downy brome seeds last less than two years, the best method of control is to keep the plants from going to seed. This can accomplished by mowing badly infe.sted areas of fields before the seed stage has been readied. Indicative of Ihe possible problem crcaled by the grass are several areas in Montana which have had to stop produc- ing winter wheat because of in- festations of the weed. Theft attempt costs trio Three Lcttibridge youths, who tried lo steal gas from a parked truck, were each fined in provincial judge's court. Testimony indicated Darrell Carpenter, 19, of 1023 12lh Avc. N., Morgan Dyck, 17, of 415 Ventura Rd. and Neville Wibcr, 15, of 042 15lh St. S. Irad at- tempted to steal gas from a truck parked in front of 1514 13th Avc. S. shortly after 3 a.m. July '26. In passing sentence, Judge W. Hudson said the actions of !lie youths, who when ptjlice approached, ar.d the evi- dence presented by the pnlico made Ihe cn.se the most clear- cul of Ik; kind he had ever heard. Church head speaks here on weekend W. Wallace Smith of Indo pcndencc, Missouri, president of the Reorganized Church of Jesus Christ of Latter day Saints, will address a church conference at the Park Motor Hotel Saturday and Sun- day. The "reorganized" church has headquarters at Independ- ence and is ahout one-tenth the size of the larger Mormon Church which has headquarters at Salt Lake City. About 200 ministers and wives from North Dakota, Mon- tana, Saskatchewan nnd Alber- ta are expected to attend, said Ivan Millar of I-ethbridge, con- ference organizer. VAN ISLE SEAFOODS will have a truckload of FRESH ICED (Never Been Frozen) And Cooked Crab and other Seafoods parked at COLLEGE MALL SHOPPING CENTRE TOMORROW, FRIDAY From 10 a.m. to Dusk After years of service throughout B.C., Northern Alberto and Calgary, Vein Isle Seafoods tire pleased to announce ihe expansion into LcthbrlcJga and Southern Alberta. This Weekend Only MACTAC ADHESIVE SPECIAL, YO, FLOOR COVERING OPEN THURS. and FBI. Till 9 P.M. Free Estimates Featuring Largo Selection of Famous Brands When you purchase your carpets at Bergman's, you get the best value money can buy! Commercial Semi Shags Hardlwist Patterned Sculptured Snags 2716 12lh AVE. S. Phone: Buj. 328-0372 Re.. 328-1854 Salei and Installation DON BERGMAN ;