Sydney Evening News - Wednesday, October 2, 1895
This report was originally published in English. Machine translations may be available in other languages.
ROUND THE WORLD.
The Official Recorder of the London Court of Bankruptcy has published under the bankruptcy of Oscar Wilde the summary of accounts and observations, from which it appears that the unsecured debts are £3591 9s 9d, and that there are no available assets, the items, "other property," viz., life policy, value unknown, royalties on published literary works and plays, not being valued. The Official Receiver (Mr. Wildy) observes that the receiving order was made on the petition of a creditor (the Marquis of Queensbury), the act of bankruptcy being noncompliance with the requirements of a bankruptcy notice. The debtor states that he is a writer and dramatist, and that his income, which is estimated at £2000 a year, has been chiefly, if not entirely, derived from royalties received on plays and literary works written by him. He attributes his insolvency to the failure of the legal proceedings for criminal libel taken by him against the petitioning creditor, and to his arrest and recent conviction in the recent trial of Regina v. Wilde. The Official Recorder remarks that from the figures furnished in deficiency account, it would appear that the debtor has been insolvent for at least two years, and that his household and personal expenditure had been considerably in excess of his income. Of the unsecured indebtedness expected to rank, a sum of £2514 5s is due for money lent; £677 3s 8d for law costs; £233 19s 11d for tobacco, wine, jewellery, flowers, &, and £106 for household., & expenses. The creditors treated as partly secured hold a policy on the life of the debtor, and charges on the dramatic rights in certain plays. The household furniture and effects were sold by the sheriff in April. The debtor states that he has a life interest in certain funds under an ante-nuptial settlement in the event of his surviving his wife. He is described in the proceedings as lately of 16 Tite-street, Chelsea, and now of her Majesty's prison, Wandsworth,
The summary of accounts and observations were issued under the failure of Oscar Fingal O'Flahertie Wills Wilde, described as late of 16, Tite-street, Chelsea, and now of her Majesty's Prison, Wandsworth, author. The liabilities expected to rank are returned at £3,591 9s. 9d., and no available assets are shown. The debtor states that he is a writer and dramatist, and that his income, which he estimates at £2,000 a year, has been derived chiefly, if not entirely, from royalties received on plays and literary works written by him. He attributes his insolvency to the failure of legal proceedings taken by him against the petitioning creditor, the Marquis of Queensberry, and to his arrest and conviction in the recent trial of "Regina v. Wilde." —The Official Receiver, Mr. A. H. Wildy, observes, however, that, from the figures furnished in the deficiency account, it would appear that the debtor has been insolvent for at least two years, and that his household and personal expenditure has been considerably in excess of his income. Of the unsecured indebtedness, sums amounting to £2,514 s. appear to be for money lent, £677 3s. 8d. for law costs, £233 19s. 11d. for tobacco, wine, jewellery, flowers,&c., and £166 1s. 2d. for household, &c., expenses. The creditors treated as partly secured (£914 19s. 7d.) are stated to hold a policy on the life of the debtor, and charges on the dramatic rights, &c., in certain plays. The household furniture and effects of the debtor appear to have been sold by the Sheriff during April, 1895. The debtor states that he has a life interest in certain funds under an ante-nuptial settlement in the event of his surviving his wife.
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