In Re Sears

MEMORANDUM OF DECISION

LEE M. JACKWIG, Bankruptcy Judge.

Chapter 7 Debtors Donald and Daphne Sears claim a homestead exemption in one-half acre and the buildings thereon. Judgment Creditors Jerry Cepelak, Jr., Mark Cepelak, Jerry F. Cepelak, and Shirley J. Cepelak (Cepelaks) object.

The Court has jurisdiction of this matter pursuant to 28 U.S.C. § 1334 and the standing order of reference entered by the U.S. District Court for the Southern District of Iowa. This is a core matter under 28 U.S.C. § 157(b)(2)(B).

BACKGROUND

On March 13, 1998 the Debtors filed a Chapter 7 Petition, Schedules, and…