Julian H. Thompson and Myra H. Thompson, Bankrupts, Julian H. Thompson and Myra H. Thompson v. Abner R. Powell, Iii, Trustee

DYER, Circuit Judge:

Pursuant to new Rule 18 of the Rules of this Court, we have concluded on the merits that this case is of such character as not to justify oral argument and have directed the clerk to place the case on the Summary Calendar and to notify the parties in writing. See Murphy v. Houma Well Service, 5 Cir. 1969, 409 F.2d 804, Part I (1969).

On April 23, 1968, the bankrupts filed schedules of exempt property in which it was stated, inter alia, “Bankrupt claims as exempt $800.00 in cash out of the sale of a F-100-12 ton pick-up truck, 6 cylinder.” On July 1,1968, the Referee in…