In re: David R. Faccone

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS WESTERN DIVISION In re: ) Bankruptcy No. 20-81450 ) David R. Faccone, ) Chapter 7 ) Debtor. ) Judge Lynch ) MEMORANDUM OPINION In his chapter 7 bankruptcy schedules, Debtor David Faccone lists several individual retirement accounts in which he asserts claims of exemption under Illinois law. Now at issue is the personal property exemption claimed pursuant to 735 ILCS 5/12-1001(f) as to the Debtor’s rights in a financial contract with Jackson National Life Insurance Company. Creditor Doris M. Geraci (“Creditor”) and the chapter 7…