In re DeMarco

ORDER SUSTAINING OBJECTION TO EXEMPTIONS

JENNIE D. LATTA, Bankruptcy Judge.

THE OBJECTION OF BETTYE SUE BEDWELL, Trustee in Bankruptcy (the “Trustee”), to the exemption claimed by the Debtors in four life insurance policies came on for hearing on May 9, 2013. Also pending is the motion of the Trustee to compel the Debtors to turn over the policies for liquidation and distribution of the net proceeds to creditors. The issue before the court is whether a debtor who is the owner but not the insured under a policy of life insurance may claim the exemption provided at Tennessee Code Annotated §…