In Re Schubert

MEMORANDUM OPINION GRANTING TRUSTEE’S OBJECTION TO DEBTORS’ CLAIM OF EXEMPTION

TERRENCE L. MICHAEL, Bankruptcy Judge.

THIS MATTER comes before the Court pursuant to the Objection to Claim of Exemption (the “Objection”) filed by Karen Carden Walsh, Trustee (“Ms. Walsh” or “Trustee”), and the Response of Stephen E. Schubert, Jr. and Cathy L. Schubert, Debtors herein (“Schuberts” or “Debtors”), to the Objection (“Response”). By agreement of the parties, this matter was submitted to the Court on stipulated facts and briefs on or about February 20, 1998. At that point, the matter was taken under…