The New York Times/1900/12/01/Cleared of $2,891,003 of Debt

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CLEARED OF $2,891,003 OF DEBT.

Arndt K. Housekeeper as Voluntary Bankrupt Discharged in Philadelphia.

PHILADELPHIA. Nov. 30—Arndt K. Housekeeper of Narberth, Penn., was discharged as a voluntary bankrupt in the United States District Court to-day, with liabilities of $2,891,003,83 and assets of $25.

It was stated that thirteen years ago, when Housekeeper was twenty-two years of age, some friends induced him to go on their bond in a gigantic real estate operation. This involved the erection of 800 houses in Philadelphia and near-by cities. He signed the necessary papers without thoroughly understanding what he was doing. Later the burden of the mortgages, nearly $3,000,000, fell on his shoulders.

The holders of the mortgages began proceedings against him. The judgements against him. The judgements against him are held by trust companies and estates in various parts of the United Sates.

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