Milligan v. Trautman

MEMORANDUM OPINION AND ORDER

YEAKEL, District Judge.

Before the Court in the above styled cause of action is the appeal of Marsha Milligan, as Chapter 7 Trustee for Appellees Charles and Carol Trautman’s bankruptcy estate, from the Bankruptcy Court’s Order Denying Objection To Exemptions, signed April 11, 2005. At issue is whether a check received by the Traut-mans before their bankruptcy petition was filed, from Northwestern Mutual Life upon cancellation and surrender of a life insurance policy and which they retained on their petition date, is exempt from their bankruptcy estate under the…