In Re Collins

OPINION 1

JOHN J. THOMAS, Bankruptcy Judge.

This case comes before the Court on the Trustee’s Objection to the amended exemptions of the surviving joint Debtor, exempting life insurance proceeds under Section 522(d)(11)(C) of the Bankruptcy Code [11 U.S.C. § 522(d)(11)(C) 2 ]. The parties have prepared and filed a Stipulation of Facts (hereinafter “S.O.F.”), which is adopted by the Court.

Statement of Facts

The Debtors, David and Sharon Collins, filed a Voluntary Petition for relief under Chapter 7 of the United States Bankruptcy Code on July 13, 2000 (the “filing date”) (S.O.F.¶ 1). On July 19,…