Legal Opinion
In Re Cramer
United States Bankruptcy Court, D. Arizona
Decided March 6, 1980No. Bankruptcy 79-00821PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION
WILLIAM A. SCANLAND, Bankruptcy Judge.
The debtors filed a joint petition in bankruptcy under Chapter 7 of the Code on October 4, 1979. The debtors did not claim a homestead exemption but in their Schedule B-4 claimed a “catch-all” federal exemption under 11 U.S.C. § 522(d)(5) of a $10,000.00 inventory of the business. The business conducted was a horse equipment retail sales shop. The business was started by a loan from a local bank and each of the debtors signed the bank’s note. Each of the debtors at different periods of time worked at the business and withdrew moneys for…
2Cases cited5 opinions
- Mortensen v. KnightArizona Supreme Court · 1956
- Baum v. BaumCourt of Appeals of Arizona · 1978
- Myrland v. MyrlandCourt of Appeals of Arizona · 1973
- Tripp v. ChubbArizona Supreme Court · 1949
- Johnson v. HillCourt of Appeals of Arizona · 1965
3Cited by4 opinions
- In re SmithCourt of Appeals for the Seventh Circuit · 1981
- In the Matter of Philip A. Smith, Jr., Jeffery Stephen Pierce and Mary Kathryn Pierce and Jerry L. Montie Lamb and Claire Barnstead Lamb, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1981
- Anderson v. Burnham (In Re Burnham)United States Bankruptcy Court, N.D. Georgia · 1981
- Wofford v. PhilipTexas Supreme Court · 1880