In re Cornett

MEMORANDUM OPINION AND ORDER

WILLIAM S. HOWARD, Bankruptcy Judge.

This matter is before the court on the Debtor’s Motion to Set Aside an order granting the Trustee’s request for turnover of the Debtor’s retirement funds. The Debtor claimed the sum of $9,654.97 as exempt pursuant to KRS 161.700 as contributions obtained from his teacher retirement account. The Trustee filed an Objection to Exemption and a Motion to Compel, contending that the status of the funds had changed because they were no longer in an exempt account.

1. Factual and procedural background

The Debtor filed his Chapter 7…