In Re Lowder

OPINION

WILLIAM V. ALTENBERGER, Chief Judge.

Before the Court is the objection filed by Charles E. Covey, Trustee, to the claim of exemptions made by Robert Lowder, the Debtor.

In March of 1995, the Debtor borrowed approximately $39,000.00 from a financial institution known as “The Money Store” and paid off the first mortgage on his residence in the approximate amount of $17,525.00. From the net proceeds received by the Debt- or, he made the following payments:

First State Bank of Pekin $6,000.00

Illinois Department of Revenue 2,879.82

Bartonville Bank 212.24

Internal Revenue Service 2,168.20

Illinois…