In re Smith

MEMORANDUM AND ORDER ON MOTION TO COMPEL TURNOVER OF ESTATE PROPERTY

DANIEL P. COLLINS, Chief Judge.

I. INTRODUCTION

Before the Court is the motion of William E. Pierce, the Chapter 7 trustee (“Trustee”), to compel turnover of $88,979.37 in proceeds (“Proceeds”) the Debtors received from the postpetition sale of their Arizona homestead (“Turnover Motion”).1 In the Turnover Motion, the Trustee argues that, since the Debtors sold their homestead and have failed to reinvest the Proceeds in a new Arizona homestead within Arizona’s statutory reinvestment period, the homestead exemption *757they declared…