Help in understanding early 20th C bankruptcy!

[Timbottawa]

My grandfather was declared bankrupt in early 1911.  The London Gazette of 7 Feb. 1911 reports a "Receiving Order" against "Harold Alfred Boyle, formerly Bradford, now Kettlewell, licensed victualler", with the same details listed under "Adjudications".

I don't really understand those two terms, but the Leeds Intelligencer of 9 March 1911 reports a sitting of the Bradford Bankruptcy court, where:

"Harold Alfred Boyle, who had a deficiency of ￡424, detailed his unsuccessful efforts as a licensed victualler. He lost money first at the Rose and Crown Hotel, Westgate, Bradford, and then at the King's Head Hotel, Kettlewell"

However, I have records of him taking over the licence of the Rose and Crown, Bradford, on 18th January, 1910, and holding this licence for a little over 4 years, until 11th February, 1914.

So two mysteries ... (1) how had he held the license of the King's Head, Kettlewell before Feb. 1911, but after the Rose & Crown, Bradford, and (2) how was it possible to continue as license holder for the Rose & Crown for another 3 years after being declared bankrupt?

[bbart]

However, I have records of him taking over the licence of the Rose and Crown, Bradford, on 18th January, 1910, and holding this licence for a little over 4 years, until 11th February, 1914.

I think your eyes jumped a line?  The second column is the date the licence moved to the next person.
Harold Boyle held the licence to 18th Jan 1911.
Harry Carriss held the licence until 11 Feb 1914.

[Timbottawa]

Thanks.  Not so much that my eyes jumped a line, but that I (mis-)interpreted the "date of transfer" to mean the date on which it was transferred TO the holder, and therefore the date on which the license started, which yielded the dates I quoted.  But I do see that the intention was the date on which the holder yielded his license.

In this case, Harold held the license at the Rose and Crown for only 4 months, and then the license at the King's Head, Kettlewell for (probably) less than a month.  It would have been quite difficult to acrue such debts in such a short period of time, suggesting to me that he entered into these two licenses already carrying a substantial debt, and his bankruptcy was not so much his failed ventures at licensed victualling, but longer-standing financial mis-management.