Jimbo owns a large corporation in Texas and earns $ 500,000 per year. He also owns a home in Houston with a value of $ 2,000,000 with no mortgage. Jimbo had recently begun drilling for oil and had obtained a personal loan for $ 100,000 from Z Bank for the project. He was able to obtain that loan because he pledged a house in Dallas as collateral. Unfortunately that house did not exist. Jimbo continued drilling until he realized that oil prices were dropping. He then paid his wife $ 10,000 to make repairs in office. He also gave away $ 30,000 in drilling equipment to a neighbor. Jimbo then hid $ 500,000 in a Grand Cayman Island bank account before filing for Chapter 7 bankruptcy in New York City Court. Z Bank filed a motion to foreclose on Jimbo's house as soon as they were notified about the bankruptcy. Z Bank asked the bankruptcy judge to deny Jimbo a discharge in bankruptcy. What will Jimbo argue? What will Z Bank argue? How will the court rule in this case? Provide legal justification for your decision.