BANKRUPT DOCTOR

Poverty Bay Herald, Volume LII, Issue 16210, 7 December 1926, Page 5

BANKRUPT DOCTOR

SEQUEL TO FATALITY • BREAKDOWN IN HEALTH (Special to the Herald.) • HAMILTON, this day. A meeting of creditors in the bankrupt estate of Dr. David Douglas Wallace Martin, medical practitioner, of Ngaruawahia, was held at Hamilton. The deputy-Official Assignee, Mr. V. H. Sampson, 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 worry and subsequent costly litigation arising from a motor car accident in which he had the misfortune to kill a woman. As a result of this suffered in health and had a '..nervous breakdown. : He was eventually obliged to engage the assist- ' ance 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 t. of his creditors resulted in the issuing of a judgment summons against him. Bankrupt said he was confident of being sufficiently leeovered 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 the accounts owing to be compiled.