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THE BANKRUPTCY ACTS, 1914 AND 1926
IN THE HIGH COURT OF JUSTICE IN BANKRUPTCY
Summary Case No. 38 of 1935
RE EDWARD ALEXANDER CROWLEY commonly known as ALEISTER CROWLEY. AUTHOR.
27th April 1935
SUMMARY OF BANKRUPT'S STATEMENT OF AFFAIRS
At 1st February, 1935. Date of Receiving Order.
OBSERVATIONS
1. The Receiving Order was made on the petition of creditors, the act of bankruptcy being the failure of the debtor to comply, before the 10th January 1935, with the requirements of a bankruptcy notice. He was adjudged bankrupt on the 22nd February 1935.
2. At the first meeting of Creditors held on the 14th February 1935 no resolution was passed, the Official Receiver therefore remains Trustee of the estate.
3. The Adjourned Public Examination of the bankrupt is fixed for the 1st May 1935, at eleven o'clock in the forenoon, at the Court sitting in Bankruptcy Buildings, Carey Street, London, W.C.2.
4. It appears from the statements of the bankrupt:—
(a) That for many years he has been engaged in writing books, articles, etc. and in scientific research work.
(b) That in 1926 he and two other persons formed a "pool" to start (i) the publication of the results of his research work, and (ii) a world movement based on his philosophical theses; that his associates were to provide £20,000; that he considers his publications were then worth that sum; that thereafter he was mainly dependent for living expenses on moneys derived from the "pool", but that in 1931 one of his associates withdrew and he (the bankrupt) subsequently became dissatisfied with his remaining associate's dealings and issued a writ against him claiming an account of his dealings in connection with the "pool" and damages; and that in 1932 the work of the "pool" was discontinued.
(c) That since 1932 he has been in receipt of an income of about £150 per annum derived from a settlement executed by him in 1908; that his earnings from his writings have been small; and that he has had recourse to borrow money.
(d) That in 1932 he issued a writ against the printers, publishers and author of a book claiming, inter alia, damages for libel; and that in April 1934 judgment was given against him in the action with costs.
5. He attributes his insolvency to a boycott of his work and writings in this country, to the non-receipt of capital which one of his associates in the "pool" had agreed to provide for the purposes of the "pool", to the failure of his other associate (a) to provide the promised capital and (b) to account for the disposal of moneys and books belonging to the "pool", and to the loss of the libel action referred to in paragraph 4(d).
The following Deficiency Account, dating from the 1st January 1932, has been filed viz:—
6. Of the unsecured liabilities £846 represents the defendants' costs in the before-mentioned libel action, £814 clothing and boots supplied, £673 cash advanced, £265 wines and tobacco supplied, £105 medical and dental services rendered, and £85 hotel accounts, whilst the balance is for legal and warehouse charges, etc.
7. The creditors treated as "partly secured" are stated to hold the following securities:—
8. The totals of the unsecured and partly secured liabilities shown in the Summary are incorrect apparently owing to errors in addition: they should be respectively increased and decreased by about £380.
9. The "doubtful book debt" mentioned in the Summary is the amount stated to be due from the bankrupt's associate in the "pool" against whom he issued the writ referred to in paragraph 4 (b).
10. The bankrupt states that he is not now possessed of household furniture.
E. Parke Senior Official Receiver
Dated this 27th April 1935 Bankruptcy Buildings, Carey Street, London, W.C.2.
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