In Re Stoltz

MEMORANDUM OPINION SUSTAINING OBJECTION TO TRUSTEE’S MOTION TO SELL RING

JAMES F. SCHNEIDER, Chief Judge.

In this case, a diamond engagement ring was in the debtor’s possession on the date she filed bankruptcy. She agreed to allow the Chapter 7 trustee to sell the ring, having claimed a portion of its value exempt. The trustee filed a notice of his intention to sell the ring, but the debtor’s former boyfriend objected on the ground that the ring belonged to him. He claimed that he had given the ring to the debtor as an engagement ring in contemplation of marriage. By reason of the parties’…