Ernst v. O'Brien (In Re O'Brien)

FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDERS Overruling Objection to Exemption; Denying and Dismissing Fraudulent Transfer Complaint

MICHAEL J. MELLOY, Bankruptcy Judge.

The matters before the Court , are the objection of the Trustee to an exemption claimed by the Debtors in. a life insurance policy, and a complaint to avoid the Debtors’ transfer of proceeds from the sale of real estate into a life insurance policy pursuant to 11 U.S.C. § 548.

The late Judge Thinnes heard testimony on February 27, 1985. The Court also ordered the parties to file briefs at that time. The entire matter was…