In re Chapman

*162 MEMORANDUM OF DECISION RE: TRUSTEE’S OBJECTION TO DEBTOR’S CLAIM OF EXEMPTION UNDER CODE § 522(d) (10) (C)

ROBERT L. KRECHEVSKY, Chief Judge.

I

ISSUE

The issue presented is whether Bankruptcy Code § 522(d)(10)(C) permits a debtor to exempt from the bankruptcy estate a $25,000 insurance disability payment received nine days prior to the filing of his petition, where the payment remained segregated in the debtor’s bank account on the date of filing. The parties have submitted the issue by way of a stipulation of facts and memoranda of law.

II

BACKGROUND

David Reynolds Chapman, one of the debtors in…