Some newspaper articles :
Aberdeen Journal, July 6 1836.
"JAMES HOGG. CLOTHIER, HATTER, and SILK MERCER.
Granite House, Market Square, Stonehaven.
Grateful for the very liberal patronage he continues to receive, most respectfully invites the attention of his friends and the public to his present stock of his SUPERFINE BROAD AND NARROW WOOLEN CLOTHS, CASSIMERES AND WAIST COATINGS, which are all bought at the best Markets, and he is determined to sell them at prices considerably lower than ever they were offered in Stonehaven.
Upwards of 20 dozen of WATERPROOF, STUFF, AND BEAVER HATS, from the most celebrated London Makers. A large lot of WATERPROOF SILK HATS, from 2s 10d.
An excellent assortment of FILLED SILK SHAWLS, plain and coloured GROS DE NAPLES ; PRINTS, MERINOS, RIBBONS, GLOVES ; TUSCAN, DUNSTABLE and BRIGHT STRAW BONNETS ; with every other article connected with the Trade at extremely low prices."
Then some Bankruptcy notices in English newspapers in October 1841, all under the heading of Scotch Sequestrations :
London Morning Post, Oct 16th 1841. "James Hogg, Stonehaven, Merchant, Oct 21 and Nov 18 at 12, within the writing chambers of Mr Kinnear, writer, Stonehaven."
Same details in the London Standard and The Era on Oct 16th and 17th.
Manchester Times, and also in the Sheffield and Rotherham Independant. Oct 23 1841. Same details except James is described as a Clothier, hearings held at the writing chambers of Arthur Wellesley Kinnear in Stonehaven.
National Records of Scotland website has indexes of Scottish bankrupts. Actual papers are available to view in Edinburgh.
CS280/18/7 James Hogg, Stonehaven, Kincardineshire. Merchant, Clothier, Silk Mercer. Start date: 11/10/1841, Disposal date: 19/09/1843, Disposal notes: Discharged.
I think that means he was declared bankrupt 11/10/1841 and the bankruptcy was cleared 19/09/1843.
Alan.