In re Connelly

ORDER SUSTAINING OBJECTION TO EXEMPTION ELECTION

GEORGE R. HODGES, Chief Judge.

This matter was heard before the undersigned, United States Bankruptcy Judge, upon the objection to the debtor’s exemption election filed by the United States Bankruptcy Administrator. For the reasons stated herein, the Bankruptcy Administrator’s objection is sustained.

Factual Background

1. On November 1, 2001 the debtor filed a voluntary chapter 11 proceeding. The debtor .filed a Schedule C — Property Claimed as Exempt with his petition. The original exemption election exempted funds in a checking account in the…