Federal Deposit Insurance v. Tackett (In Re Tackett)

MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

The Federal Deposit Insurance Corporation (FDIC) objects to the discharge of the debtors pursuant to Sections 727(a)(2), (3), and (5), of Title 11, United States Code. 1 Trial was held July 10, 1986.

I

The debtors Arnold and Sara Tackett are husband and wife. They are the parents of two minor children, ages seven and four.

Mr. Tackett attended Lincoln Memorial University, where he met C.H. Butcher, Jr., with whom he would become involved, some twenty years later, in numerous business ventures. Mr. Tackett graduated in 1961 with a degree in accounting. He…