SLG prevails in Case to Deny Debtor his General Discharge, based on Concealment of Assets.

SLG prevails in Case

McCall River Ranch Co. v. Schimmel (In re Schimmel), 2012 Bankr. LEXIS 3418 (Bankr. N.D. Cal. July 26, 2012). SLG by Spencer Scheer, prevailed for its Client in a trial held in the San Francisco Bankruptcy Court on a complaint to deny the Debtor his general discharge under Section 727(a)(2)(B). Denial of a bankrupt’s general discharge is not common. SLG established that the Debtor concealed the rights of his wholly owned business to continue to collect a commission stream and that he portrayed the business to be insolvent, and then took the commission stream for himself. The Court found this to be an intentional concealment of property of the bankruptcy estate, with the intent to hinder, delay, or defraud and denied the Debtor’s rights to a discharge.

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