Hillmer v. Bendix

MINTON, Circuit Judge.

This is an appeal from an order of the District Court denying a petition for review of an order of the referee, granting a discharge in bankruptcy.

On an involuntary petition, Vincent Bendix was adjudicated a bankrupt on June 7, 1939. Mr. Bendix was reputed to have a net worth as of June 30, 1929, of over thirty-eight million dollars. In that year, he paid a federal income tax of approximately one million dollars. He had many business connections and literally thousands of transactions. As the depression progressed, his assets dwindled rapidly until in ten years, he had…