Butz v. Blue (In Re Blue)

DECISION AND ORDER

CHARLES A. ANDERSON, Bankruptcy Judge.

STATEMENT OF FACTS

Debtor, defendant herein, filed his voluntary petition in bankruptcy on 24 March 1980. No life insurance policy was scheduled as property of the estate (and none was claimed as exempt property).

Upon the examination of debtor by John R. Butz, trustee in bankruptcy and plaintiff herein, at the § 341 meeting of creditors, it was discovered that debtor is owner of a life insurance policy with Nationwide Insurance Company, which has a net cash surrender value of approximately $913.00.

On 11 July 1980 plaintiff filed a…