Matter of Abraham M. Liebling, Bankrupt. Abraham M. Liebling v. Nathan Yorke, Trustee

DUFFY, Chief Judge.

This is a proceeding in bankruptcy. The Trustee instituted turnover proceedings to obtain the cash surrender value of several life insurance policies under which bankrupt is the insured, and his wife, Fay Liebling, is the beneficiary. We are here concerned with only one-policy which was issued by the John Hancock Life Insurance Company. This policy has a cash surrender value of approximately $2,500.

After a hearing, the Referee denied the claimed exemption and ordered a turnover of the cash surrender value. The Referee also made a finding that the bankrupt sought in his…