In Re Zais

MEMORANDUM OPINION

RICHARD N. DeGUNTHER, Bankruptcy Judge.

This matter comes before the Court on the Objection of the Chapter 7 Trustee, Stephen G. Balsley, to Exemptions. The parties submitted their arguments by letter.

BACKGROUND

The Debtors filed for relief under Chapter 7 of the Bankruptcy Code on June 13, 1996. The Voluntary Petition lists a lk seat on the Mid-American Exchange (“Exchange”) as property of the estate. The % seat is valued at $5,300.00. Mr. Zais claims a portion of the seat as exempt in Schedule C. Specifically, he claims that $750.00 of the value of the seat is exempt under…