The bankrupt, a chartered professional accountant, sought a discharge from his second bankruptcy.
The discharge was opposed by the Trustee and the Bank of Montreal.
The court found that the bankrupt was not an honest or unfortunate debtor, having failed to disclose assets, including an inheritance and foreign real estate, and having continued to operate his accounting business under various names after claiming it was closed.
The court made findings against the bankrupt under sections 158 and 173 of the Bankruptcy and Insolvency Act.
The court granted a conditional discharge, requiring the bankrupt to pay $325,000 to the Trustee for the benefit of the creditors.
