Legal Opinion

In the Matter of Louis C. Ostrer, Bankrupt-Appellant, the Meadow Brook National Bank, Objecting Creditor-Appellee

Court of Appeals for the Second Circuit

Decided April 19, 1968No. 337, Docket 32021PublishedCited by 21 opinions

1Opinion of the Court

IRVING R. KAUFMAN, Circuit Judge:

The bankrupt, Louis C. Ostrer, appeals from a judgment of the District Court for the Eastern District of New York, reversing an order of the Referee discharging the bankrupt because the Referee misapplied the proper test for what constitutes a “materially false statement” of financial condition within the meaning of § 14c. (3) of the Bankruptcy Act, 11 U.S.C. § 32(c) (3).

The bankrupt was engaged in the business of selling life insurance as a broker in his own name and as a general agent under the name of Louis C. Ostrer Associates, Inc. He was an executive and…

2Cases cited13 opinions

  1. Local Loan Co. v. HuntSupreme Court of the United States · 1934
  2. Morimura, Arai & Co. v. TabackSupreme Court of the United States · 1929
  3. In re TabibianCourt of Appeals for the Second Circuit · 1961
  4. In Re LovichCourt of Appeals for the Second Circuit · 1941
  5. Industrial Bank of Commerce, Objecting Creditor-Appellant v. H. Woodruff Bissell, Bankrupt-AppelleeCourt of Appeals for the Second Circuit · 1955

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3Cited by21 opinions

  1. In the Matter of William Albert Talor, AKA William A. Taylor, Bankrupt Public Finance Corporation of Redlands v. William A. TaylorCourt of Appeals for the Ninth Circuit · 1975
  2. In Re Lois Adlman, Bankrupt. Bank of Pennsylvania v. Lois AdlmanCourt of Appeals for the Second Circuit · 1976
  3. In the Matter of Barbara Garfinkle, Bankrupt. Arthur Dooley, Trustee, and Penthouse International, Ltd. v. Kenneth J. Weil, Trustee in BankruptcyCourt of Appeals for the Eleventh Circuit · 1982
  4. Minority Equity Capital Corp. v. Weinstein (In Re Weinstein)United States Bankruptcy Court, E.D. New York · 1983
  5. In Re Lee Schoenfield, Bankrupt. Steven H. Dickman, as Trustee in Bankruptcy of Lee Schoenfield, Bankrupt v. Lee SchoenfieldCourt of Appeals for the Second Circuit · 1979

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