Bank Leumi Trust Co. of New York v. Lang

HOEVELER, Senior District Judge.

This Cause comes before the Court on Plaintiffs Amended Post-Judgment Petition to Invalidate Claimed Exemptions, Authorize Execution on Assets and Obtain Declaratory Relief.

A. Factual Background

Plaintiff, Bank Leumi Trust Company of New York (“Bank Leumi”), is a New York banking institution with its principal place of business in New York. Defendants, Milton Lang and Elena Lang (the “Langs”), are Florida residents. 1 Prior to 1990, the Langs were New Jersey residents who owned and operated an educational training business. They obtained approximately $1,800,000…