In re Whitehead

Ruling: 
Discharge denied due to unexplained loss of investment property.
Procedural posture: 
Creditor brought an adversary complaint against chapter 7 debtor objecting to discharge and/or the dischargeability of a debt, based on debtor's failure to satisfactorily explain the loss of an asset, pursuant to 11 U.S.C.S. § 727(a)(5). Creditor and debtor had a business venture that involved purchasing and fixing up houses, and debtor had transferred one such house to his parents.
Issue: 
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Consumer case opionion summary, case decided on October 16,2012, LexisNexis #1112-026