Matter of Scrams

MEMORANDUM

JOHN C. MINAHAN, Jr., Bankruptcy Judge.

This case presents the question of whether a car is exempt property as an “immediate personal possession” under Nebraska Revised Statutes § 25-1556(1). Before the court is the Objection to Exemptions by the Chapter 7 Trustee and the debtor’s Resistance thereto. The Objection of the Trustee is sustained. I conclude that 1987 Cutlass Oldsmobile of the debtor is not exempt property under § 25-1556(1).

FACTS

The debtor owns a 1987 Cutlass Oldsmobile valued at $8,600.00. The debtor claims $2,500.00 worth of this value as exempt under the so-called “in…