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(Solution) - Rosinoff and his wife who were business partners entered bankr

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Rosinoff and his wife, who were business partners, entered bankruptcy. A creditor, Baldwin, objected to their discharge in bankruptcy on the grounds that
(a) The partners had obtained credit from Baldwin on the basis of a false financial statement;
(b) The partners had failed to keep books of account and records from which their financial condition could be ascertained; and
(c) Rosinoff had falsely sworn that he had taken $70 from the partnership account when the amount he took was actually $700. Were the debtors entitled to a discharge?

 







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This question was answered on: Jul 11, 2017

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