In Re Snowden

OPINION

MARY P. GORMAN, Bankruptcy Judge.

This matter comes before the Court upon the Chapter 7 Trustee’s objection to the Debtor’s claim of exemption in proceeds from the sale of her homestead. For the reasons stated herein, the Trustee’s objection will be denied.

On May 4, 2007, Lucy Ann Snowden (“Debtor”) sold her residence at 2348 Grandview, Springfield, Illinois. After payment of all liens and closing expenses, Debtor received $19,028.09. On October 31, 2007, the Debtor filed her voluntary petition under Chapter 7 of the Bankruptcy Code. On her schedules, she disclosed ownership of a bank…