Morris Plan Industrial Bank of New York v. Dreher

SWAN, Circuit Judge.

The appellant was adjudicated bankrupt upon his voluntary petition filed on July 7, 1943. He scheduled no assets, except insurance policies claimed as exempt, and listed unsecured creditors whose claims total $2,265.05. He was denied a discharge for failure to keep books of account or records from which his financial condition and business transactions might be ascertained. The sole question presented by this appeal is whether the court should have found such failure “to have been justified under all the circumstances of the case.” 11 U.S.C.A. § 32, sub. c(2).

The bankrupt…