- 5 -
work outside of the home for many years, other than as described
infra. She involved herself in various community and volunteer
activities and at one time served as a secretary for the Miami
chapter of the Congress of Racial Equality. Mr. Gherman handled
the family's financial matters throughout the time that
petitioners were married.
Mr. Gherman began selling insurance during the late 1950's
or early 1960's. He worked hard and built up his business.
Nonetheless, during 1969 petitioners filed for bankruptcy (1969
bankruptcy). Subsequently, Ms. Walters received a discharge in
the 1969 bankruptcy. Mr. Gherman, however, did not receive a
discharge, because the bankruptcy court found that he had
obtained credit by issuing certain false financial statements.
Following the 1969 bankruptcy, Mr. Gherman did not keep secret
the fact that he was not granted a discharge in the bankruptcy
proceeding, and at meetings with clients or potential clients he
often mentioned that he had not been granted a discharge in the
1969 bankruptcy.
After the 1969 bankruptcy, petitioners sold their personal
residence and used some of the proceeds to purchase another home.
Ms. Walters considered the new house to be inferior to their
prior house.
Following the 1969 bankruptcy, Mr. Gherman never again held
an asset in his own name. Mr. Gherman used Ms. Walters' name to
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