BANKRUPT DOCTOR.

New Zealand Herald, Volume LXIII, Issue 19504, 7 December 1926, Page 12

BANKRUPT DOCTOR.

——,MIO»» WORRY AND LITIGATION. RESULT OF MOTOR ACCIDENT. DEFICIENCY OF £2OOO SHOWN. 4i . [by telegraph.—own correspondent.] HAMILTON. Monday. A meeting of creditors in the bankrupt estate of Dr. David Douglas Wallace Martin, medical practitioner, of Ngaruawahia, was held at Hamilton to-day. The deputy official assignee, Mr. V. H. Sanson, presided. Bankrupt's schedule showed liabilities amounting to £7830 9s 7d, of which £4929 10s was due to secured creditors. Property and chattels were valued at £4447 10s and book debts were expected to produce £llOO. The deficiency shown was £2282 19s 7d. Bankrupt attributed his failure to the worry and subsequent costly litigation arising from a motor-car accident in which ho had the misfortune to kill a woman. As a result of this he suffered in health and had a nervous breakdown. He was eventually obliged to engage the assistance of Dr. E. C. Brewis, who had since carried on practically all the work. The strain of meeting past obligations in addition to current expenses and the difficulty of collecting book debts had terminated in his filing his petition when pressure by one of his creditors resulted iu the issuing of a judgment summons against him. Bankrupt said he was confident of being sufficiently recovered in health to carry on his practice by next May and hoped he would be able to pay his creditors if given time to do so. The meeting was adjourned for a fortnight to enable additional details of accounts owing to be compiled.