In Re Jones

MEORANDUM OPINION AND ORDER SUSTAINING FIRST NATIONAL BANK OF GALLATIN’S OBJECTION TO EXEMPT PROPERTY

KAREN M. SEE, Bankruptcy Judge.

The contested matter before the Court was instituted by the filing of the Objections to Exempt Property by The First National Bank of Gallatin (“Bank”). The Court hereby enters its Findings of Fact, Conclusions of Law and Opinion pursuant to Federal Bankruptcy Rules 9014, 9021 and 7052.

PROCEDURAL BACKGROUND

1. On September 27, 1988 Herbert Ralph and Mary Ruth Jones (“Debtors”) filed their Chapter 7 petition. Although Schedules of Assets and Liabilities were filed…