In Re Laxson
United States Bankruptcy Court, N.D. Texas
1Opinion of the Court
MEMORANDUM OPINION
ROBERT McGUIRE, Chief Judge.
This case comes before the court upon the trustee’s objection to assets claimed as exempt by Joel Reese Laxson (“Laxson” or “Debtor”). Laxson filed a petition for relief under Chapter 7 of the Bankruptcy Code on October 31, 1988. On Debtor’s Statement of Financial Affairs, Laxson claimed two individual retirement accounts (“IRAs”) as exempt property pursuant to Texas Property Code § 42.0021. The funds in the two IRAs total $33,318.00 and $3,514.00. On January 17, 1989, the trustee filed an objection to the IRAs claimed as exempt. The parties filed…
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