Cahillane v. MacDonald (In Re MacDonald)

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

I. GENERAL FACTUAL OUTLINE

In these two adversary proceedings, Maurice M. Cahillane, the trustee in bankruptcy (the “Trustee”), asserts that the capital stock of Spectrum Wire Corporation (“Spectrum”) is beneficially owned by the Chapter 7 debtor, Gary J. MacDonald (the “Debtor”), either singly or jointly with his co-debtor wife. In No. 88-4003 the Trustee seeks an order denying both debtors a discharge in bankruptcy by reason of their having concealed property of the estate within the meaning of 11 U.S.C.S. § 727(a)(2) (Law Co-op.1987 and Supp.…