Union Nat. Bank v. Frumkin

This is an appeal from an order in bankruptcy granting the bankrupt his discharge; the only specification is that he had obtained an extension of credit upon a materially false financial statement. The evidence proved that he had indorsed a note for some $13,000, made by a company of which he was the owner and held by a bank. This note fell due on May 23d, and on May 10th he presented to the bank a financial statement on the faith of which it extended payment. This statement showed him to be personally possessed of about $44,000 of assets of which $12,000 was a house in Schenectady, in fact…