In Re Silverman

OPINION

GERALD D. FINES, Bankruptcy Judge.

The matters before this Court are Debtors’ Claims of Homestead Exemption and Trustee’s Report of Exempt Property. Hearing was held on November 15, 1988. The facts adduced at trial are as follows:

Larry Silverman and Linda A. Silverman filed a joint voluntary petition in accordance with Chapter 7 of the Bankruptcy Code on February 3, 1988. On February 29, 1988, Larry and Linda Silverman filed their Claim for Property Exemption and, pursuant to Chapter 52, Illinois Revised Statutes, listed their homestead in the amount of $7,500. At the time the…