The bankrupt, a CPA and CMA, sought a discharge from his second bankruptcy.
The Trustee and a major creditor opposed the discharge, alleging the bankrupt failed to disclose assets, continued to operate his accounting business post-bankruptcy, and failed to perform his duties under the Bankruptcy and Insolvency Act.
The court found the bankrupt was not an honest and unfortunate debtor, having hidden assets, failed to keep proper books, and misled the Trustee.
The court granted a conditional discharge, requiring the bankrupt to pay $325,000 to the Trustee for the benefit of his creditors.
