In Re Tessendorf

MEMORANDUM OPINION

ROBERT E. NUGENT, Chief Judge.

Debtor Hugh Tessendorf filed his bankruptcy case on June 30, 2010. Among his claimed exemptions was a certificate of deposit with Met Life Bank in the amount of $15,300 (CD). 1 Tessendorf acquired this CD in late 2008 with part of the proceeds of an insurance policy on the life of his father. At the father’s death, the insurance proceeds were paid into a New York Life Insurance Company investment account called the “Continued Interest Account.” 2 These are the only funds ever deposited into that account. Tessendorf wrote a $15,000 check on that…