In Re Davis
District Court, District of Columbia
1Opinion of the Court
DECISION RE TRUSTEE’S OBJECTION TO EXEMPTION
S. MARTIN TEEL, Jr., Bankruptcy Judge.
Under consideration is the Chapter 7 trustee’s Objection to Exemption of Life Insurance Policy. 1 For the following reasons, the trustee’s objection will be denied to the extent that the debtor seeks to exempt from the estate the proceeds of the life insurance policy (including its cash surrender value) so long as the beneficiary of the policy on the petition date was, and remains, a person other than the debtor, having an insurable interest in the life of the debtor.
I
The debtor has claimed as exempt the…
2Cases cited26 opinions
- Holden v. StrattonSupreme Court of the United States · 1905
- Cohen v. SamuelsSupreme Court of the United States · 1917
- In Re MessingerCourt of Appeals for the Second Circuit · 1928
- Caron v. Farmington National BankCourt of Appeals for the First Circuit · 1996
- In Re: Quy Van Nguyen, Debtor. Robert G. Mayer, Trustee-Appellant v. Quy Van Nguyen, Debtor-AppelleeCourt of Appeals for the Fourth Circuit · 2000
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3Cited by3 opinions
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- In Re MordkinDistrict Court, District of Columbia · 2011