Crews v. Colvin (In Re Colvin)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

GEORGE L. PROCTOR, Bankruptcy Judge.

This cause came before the Court upon the Trustee’s complaint for turnover of property of the estate, namely certain funds received by the debtor from her retirement plan. The debtor has defended the action by asserting that the proceeds are exempt from administration by virtue of a spendthrift clause contained in the retirement plan and as proceeds of an annuity contract.

Upon consideration of the evidence, the Court enters the following findings of fact and conclusions of law:

FINDINGS OF FACT

1. Lucile R. Colvin,…