Evening star., 1947-01-02
Williams Given
Week More 10
LIST Creditors
Expected TO Appear
In Court Tomorrow
In Bankruptcy Case

George H. Williams, the real estate
man who has made a secret of his
!; whereabouts since veterans to whom
he promised homes started COM
planning publicly, probably will make
q personal appearance in District
Court tomorrow, his attorney, Rob-
ert w. Mccullough, disclosed today.
Mr.. Mccullough was granted a
weeks extension of time to file a
list OF the real estate mans creditors
and assets. He said he would bring
Williams with him when he appears
tomorrow.
Williams appearance, however,
depends on whether Mr.. McCul-
Tough is still determined to contest
bankruptcy for the Williams home
building corporation, Williams Prop
critics, Inc, in court tomorrow.
Meanwhile, the District Real
Estate Commission and a committee
from the Washington Real Estate
Board were to meet this afternoon
to discuss what can be done to give
more protection to home buyers
through changes in the real estate
brokers' licensing laws.
Weeks Extension Granted.
District Court Justice James M.
Proctor granted Mr.. Mccullough the
weeks extension. The attorney said
Williams had not kept the books of
his company, the George H. Will
lians Co., and therefore could not
get up the list required by the court.
The attorney told the court that
Williams former bookkeeper has
been at her home in West Virginia
but was due back today and could
prepare the list.
Attorney Henry S. Goodman,
representing six of the veterans who
deposited $500 to $1,000 with Will
liams on homes he failed to COM
plete, objected to the extension on
the ground that If Williams had
kept proper books list of his
creditors should be available. He
charged that Williams was in con-
tempt of court for failing to pro-
duce the list within five days after
he was declared bankrupt.
Offers Partial List.
Williams personally and the
George H. Williams Co. were de-
clarcd bankrupt December %. Will
liams claimed, however, that Will
liams Properties, Inc, is still SOL
vent.
Mr.. Mccullough offered to give
the court a partial list of the cred
itors, presenting Justice Proctor q
sheaf OF papers, which he said, con-
tanned list probably 65 to 10 per
cent complete. The lawyer told re-
porters later that he has the names
OF 1872 persons who put deposits
on homes with Mr.. Williams. Hel
said he doesn't know yet the num-
Der Of creditors who were not de-
positors. .s
The weeks extension means
delay In. getting the creditors. TO-
eetfer for the first meeting at
which they may elect a trustee or
trustees to take over the bankrupt's
assets. The. referee in bankruptcy
cannot call the meeting until he
has an official list of creditors.
Bond Increase Topic.
The possibility of increasing the
bond for real estate brokers was
scheduled to be discussed this after
noon at the District Building.
Edward A. Dent, District Real Es-
tate Commission chairman, said
round table discussion of possible |
amendments to the brokers licen-
sing laws would be held.
Mr.. Dent said the question of
increasing the bond had been raised,
but he added if it were done to
safeguard deposits, the premiums
might be prohibitive and 1,700
brokers would be penalized for the
misdeeds of one or two.
The bond is now $2,500. Except in
one case, Mr.. Dent said, the bond
has been sufficient to cover all de-
posits. He pointed out that increas-
ing the bond would not have done
much good in the Williams case.
since Williams admittedly accepted
$162,0 in deposits which he has
been unable to refund.