Show IMPORTANT ON bankruptcy new york april 9 A decision by the circuit court of appeals just rendered is of much interest to bankruptcy lawyers the petitioner a former silk merchant schedules liabilities of and assets of his creditors vigorously opposed a discharge of the debts in this decision the court of appeals says from september 19 1898 to april 12 1900 the petitioner was hopelessly insolvent yet in that period he lost in gambling houses at roulette and faro I 1 and other games of chance more than and paid this sum out of money drawn from his business as well as about which ho lost in stock speculations knowing lie could not meet his obligations gat ions he turned to gambling and stock speculations in hope of retrieving liis losses but went from bad to worse and rapidly used up his assets and the money of his creditors on this account the referees recommendation men dation denying a discharge of the debts waa upheld |