Baily v. Ballance

This is an appeal from an order granting a discharge in bankruptcy, which was opposed on the ground that the bankrupt had failed “to keep or preserve books of account or records from which his financial condition and business transactions might be ascertained”. Bankrupt was a traveling salesman who kept no books or records. He had a bank account in which he made deposits and against which he drew checks, but he did not preserve his bank statements or cancelled checks after he had examined them. The finding of the Referee in Bankruptcy approved by the District Judge was that bankrupt was not…