In re Maaget
District Court, S.D. New York
In Bankruptcy. In the matter of I. H. Maaget, bankrupt. On application for a discharge.
1Opinion of the Court
LEARNED HAND, District Judge.
[1] I certainly cannot agree with the proposition that a bankrupt or any one else may defend a written statement of his financial condition, merely by showing that the balance is substantially correct, nor does it appear that the learned master so thought. It needs no argument to show that a financial statement, showing assets of $107,000 and liabilities of $63,000, is not a correct statement of a business in which the assets are $157,000, and the liabilities $113,000, any more than, to put extreme cases, it would be a correct statement of a business in which the…
2Cited by16 opinions
- In the Matter of Louis C. Ostrer, Bankrupt-Appellant, the Meadow Brook National Bank, Objecting Creditor-AppelleeCourt of Appeals for the Second Circuit · 1968
- Baash-Ross Tool Co. v. StephensCourt of Appeals for the Ninth Circuit · 1934
- In Re GrahamDistrict Court, W.D. Kentucky · 1938
- In re KellerCourt of Appeals for the Second Circuit · 1936
- Waterways Marine, Inc. v. Nowell (In Re Nowell)United States Bankruptcy Court, N.D. Mississippi · 1982
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