Legal News for Credit Union Managers Since 1990

Archive for April, 2020

01
Apr
2020

Debtor’s Failure to Maintain Financial Records

In this case, the Bankruptcy Court denied the Debtor’s Discharge due to debtors failure to maintain records under Section 727(a)(3) of the Bankruptcy Code. Section 727 exempts from discharge any debtor who has: . . . failed to keep or preserve any recorded information, including books, documents, records, and papers, from which the debtor’s financial condition or business […]

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