Snyder v. Dykes, No. 18-6006 (8th Cir. 2018)
Annotate this CaseThe Bankruptcy Appellate Panel affirmed the bankruptcy court's judgment denying debtors' discharge under Bankruptcy Code 727(a). The panel held that debtors failed to maintain and preserve adequate records, and such failure made it impossible to ascertain their financial condition and material business transactions. Therefore, the trustee met his burden of proving that debtors' discharge should be denied under section 727(a)(3).
Court Description: Schermer, Author, with Nail and Shodeen, Bankruptcy Judges] Bankruptcy Appellate Panel. The bankruptcy court properly denied debtors' discharge under Bankruptcy Code Section 727(a)(3) as debtors failed to maintain adequate financial records, leaving the court and third parties without a way to determine debtors' financial condition and material transactions. [ October 26, 2018
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