Karger v. Sandler

The judge denied the bankrupt his discharge because he had failed to keep books from whieh his financial condition could he ascertained, and had destroyed papers whieh would have helped disclose it. Section 14b (2), Bankr. Act, 11 USCA § 32 (b) (2). The case has been treated as though the statute required proof of an intent to conceal the bankrupt’s position from his creditors, ignoring the amendment of 1926. That is no longer necessary; it is enough that his! failure, or the destruction, was not “justified under all the circumstances,” a vague phrase, admitting much latitude of construction.…