In re Burns

REASON FOR DECISION

ELIZABETH W. MAGNER, Bankruptcy Judge.

This matter came before the Court on the Objection to Exemption filed by the trustee (“Trustee”).1 When Debtors filed for bankruptcy relief, Mr. Burns included in his Schedule of Assets and Liabilities a lawsuit. He also claimed a corresponding exemption in the suit. Trustee objected to the exemption on a timely basis. After the Objection was filed, Debtors moved to convert their case from one pending under chapter 7 to chapter 13. After the chapter 13 Trustee was substituted for the original movant, hearing on the Objection was held on…