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In re: Coady, No. 09-11854

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By FindLaw Staff on December 03, 2009 4:44 PM

In debtor's appeal from a bankruptcy court's order sustaining creditor's objection to the discharge of debtor's debts, the order is affirmed where: 1) debtor acquired and concealed an equitable interest in his wife's businesses; and 2) the doctrine of continuing concealment provides for situations like this, in which a debtor kept his assets out of a creditor's reach during the look-back period by means of a sham ownership arrangement established more than one year before the bankruptcy petition was filed.

Read In re: Coady, No. 09-11854

Appellate Information

Filed December 3, 2009

Judges

Per Curiam

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