In Re Cloe

OPINION

MARY P. GORMAN, Bankruptcy Judge.

The issue before the Court is whether the funds in a joint bank account are property of the bankruptcy estate.

Shannen and Angie Cloe have been living together for four years. On May 18, 2002, they opened a multiple party checking account with survivorship at the Shelby County State Bank. They were married on May 7, 2005.

On May 17, 2005, the Cloes established a new checking account at the Bank under their married names. The account is identified as a permanent regular checking account. The ownership of the account is identified as “joint—with…