PNC Bank, National Ass'n v. Buzzelli (In Re Buzzelli)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an explanation “consisting of mere generalities and founded upon nothing by way of verification or affirmation in books, records or otherwise is not satisfactory”
• noting that Congress did not intend for creditors to expend “an infinite amount of time, money, and effort in organizing, reconstructing, and/or independently investigating a debtor’s affairs”
• finding creditor not required to rely on mere statement that assets no longer exist
• finding creditor not required to rely on mere statement that assets no longer exist
• ophthalmologist’s failure to keep records of his practice and substantial non-business transactions resulted in denial of discharge
• for nonbusiness assets, standard was what a prudent person facing circumstances similar to that of the debtor would keep

Source: CourtListener parenthetical corpus (CC0).