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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Bankruptcy: Failure to Disclose Assets-Claim of Exemption-Bad Faith

Bankruptcy: Failure to Disclose Assets-Claim of Exemption-Bad Faith

The bankruptcy trustee appealed from the affirmance of the bankruptcy court’s grant of debtor’s amendment to his petition disclosing a possible interest in $30,000 in cash in a home safe and claiming that interest as exempt. Where a bankruptcy court could not use statutory or inherent sources of broad, general authority to contravene the specific statutory ...

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