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BAUM v. EARL MILLIKIN, INC.

No. 15367.

359 F.2d 811 (1966)

In the Matter of Leland H. Baum, Bankrupt. Leland H. BAUM, Appellant, v. EARL MILLIKIN, INC., Appellee.

United States Court of Appeals Seventh Circuit.

April 26, 1966.

Attorney(s) appearing for the Case

James P. Burns, Frederick Hersh, John D. Finerty, Milwaukee, Wis., for appellant.

Harry W. Theuerkauf, Ray T. McCann, Milwaukee, Wis., for appellee.

Before SCHNACKENBERG, KNOCH and SWYGERT, Circuit Judges.

SWYGERT, Circuit Judge.

Leland H. Baum appeals from an order of the district court affirming the decision of a referee in bankruptcy which denied him a discharge in bankruptcy on the ground that he failed to satisfactorily explain a loss of assets to meet liabilities within the meaning of section 14(c) (7) of the Bankruptcy Act, 11 U.S.C. § 32(c) (7).

The bankrupt, an experienced real estate broker and general contractor in Milwaukee, filed a voluntary...

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