Opinion ID: 610716
Heading Depth: 2
Heading Rank: 3

Heading: Schedule Discrepancy

Text: 30 Seeking a denial of the Debtor's discharge under 11 U.S.C. § 727(a)(4)(A), 8 Marian Wines contests the district court's holding that evidence was insufficient to support her charge that the Debtor made a false oath in valuing certain assets in his chapter 7 schedules. Her challenge is predicated on a loan made by the Debtor to USC. At the time USC filed for bankruptcy the outstanding balance due on the loan, reflected by a proof of claim the Debtor filed against USC, was $381,450. Claimant contends that the Debtor's valuation of the loan--listed in his bankruptcy schedule as a $12,000 asset--was so grossly incorrect as to constitute a false oath. Five months after the Debtor's alleged undervaluation of his claim, it was predicated at trial in the bankruptcy court that the claim's probable distribution would be approximately $32,500. The bankruptcy court concluded that the Debtor's undervaluation did not warrant the denial of his discharge. The district court affirmed. 31 Absent clear error, we will not disturb the factual findings of the district court. Northern Pipe Line Construction Co., 458 U.S. at 56 n. 5, 102 S.Ct. at 2863 n. 5, 73 L.Ed.2d at 605; In re Sublett, 895 F.2d at 1383. Based on our review of the record, we see no clear error to warrant setting aside the finding of the bankruptcy court and the district court that the Debtor did not make a false oath. 9 These courts found correctly that no evidence suggested that Fred Wines deceived his creditors. The district court was impressed that the Debtor's subsequent correction to the scheduled amount and explanation to the bankruptcy trustee at a 11 U.S.C. § 341 creditors' meeting demonstrated a bona fide effort to value his assets.