In Re Chevalier

MEMORANDUM OF DECISION

HENRY J. BOROFF, Bankruptcy Judge.

Before the Court is a “Trustee’s Objection to Debtor’s Claims of Exemptions” (the “Objection to Exemptions”). The Chapter 7 trustee contests the Debtor’s purported exemption of three life insurance policies.

I. FACTS AND POSITIONS OF THE PARTIES

Katherine Chevalier (the “Debtor”) filed a case under Chapter 7 of the Bankruptcy Code on June 28, 2004. Steven Weiss was duly appointed as Chapter 7 trustee (the “Trustee”). Amongst the assets listed by the Debtor in Schedule B of her Schedules of Assets and Liabilities are her interests in three…