United States Ninth Circuit

In the context of bankruptcy, when a debtor owns and controls numerous business entities and engages in substantial financial transactions, the complete absence of recorded information related to those entities and transactions establishes a prima facie violation of 11 U.S.C. section 727(a)(3). Also, when a debtor transfers a substantial amount of money to a third party, the failure to keep any documentation evidencing the terms of the transfer or the fact that the payment actually took place establishes a prima facie violation of section 727(a)(3).

Appellate Information

• Decided 11/05/2008
• Published 11/05/2008

Judges

Court

• United States Ninth Circuit

Counsel