Bancohio National Bank v. Homer G. Walters and Evolene Walters, in Re Homer G. Walters and Evolene Walters, Debtors

JAMES DICKSON PHILLIPS, Circuit Judge:

BancOhio National Bank (BancOhio) appeals an order of the district court affirming the decision of the bankruptcy court overruling BancOhio’s objections to the claim of the debtor, Homer G. Walters, that insurance proceeds are exempt property under the provisions of 11 U.S.C. § 522(d)(7) of the Bankruptcy Code. Finding no error, we affirm.

I

The debtors, Homer G. Walters, and his wife, Evolene Walters, filed a voluntary joint bankruptcy petition on October 24, 1980, seeking adjustment of their debts pursuant to the provisions of Chapter 13 of the Bankruptcy…