Court of Appeals for the Fifth Circuit March 21, 1983, No. 81-1556 (First Texas Savings Ass'n v. Reed)

ALVIN B. RUBIN, Circuit Judge:

We hold that a debtor who converts nonexempt assets to an exempt homestead immediately before bankruptcy, with intent to defraud his creditors, must be denied a discharge in bankruptcy because of the provisions of Section 727 of the Bankruptcy Code, 11 U.S.C.A. § 727 (West 1979), and, therefore, we affirm the decision of the district court.

I.

Hugh D.