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Legal Opinion

In Re Grace

United States Bankruptcy Court, S.D. Illinois

Decided January 31, 2002No. 15-41194PublishedCited by 5 opinions

1Opinion of the Court

OPINION

KENNETH J. MEYERS, Bankruptcy Judge.

The Chapter 7 trustee in this case seeks turnover of the cash surrender value of the debtor’s life insurance policies, which the debtor claims as exempt under 735 Ill. Comp. Stat. 5/12-1001®. At issue is whether the debtor’s 20-year-old son, who is the beneficiary of the policies, is “dependent upon the insured” within meaning of the statute so as to entitle his mother, the debtor, to her claimed exemption in the life insurance policies.

Section 12-1001®, applicable in this case, provides an exemption for:(f) All proceeds payable because of the death…

2Cases cited7 opinions

  1. In Re GonzalesUnited States Bankruptcy Court, E.D. Michigan · 1993
  2. In Re RigdonUnited States Bankruptcy Court, S.D. Illinois · 1991
  3. In Re McLarenUnited States Bankruptcy Court, S.D. Illinois · 1998
  4. In Re HeckUnited States Bankruptcy Court, C.D. Illinois · 1997
  5. In Re SommerUnited States Bankruptcy Court, C.D. Illinois · 1998

2 more not listed; retrieve them via the Exa API.

3Cited by5 opinions

  1. In Re BuntingUnited States Bankruptcy Court, C.D. Illinois · 2005
  2. In Re ShethiUnited States Bankruptcy Court, N.D. Illinois · 2008
  3. In Re DryUnited States Bankruptcy Court, C.D. Illinois · 2006
  4. In Re PatelUnited States Bankruptcy Court, D. South Carolina · 2010
  5. Adam L. MorrisUnited States Bankruptcy Court, S.D. Illinois · 2023

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