In re Hadnot

MEMORANDUM OPINION

GEORGE L. PROCTOR, Bankruptcy Judge.

This case is before the Court upon Trustee’s Motion for Turnover of Property. A hearing was held on February 5, 1992, and upon the evidence presented, the Court enters the following Memorandum Opinion:

FACTS

The debtor, Joseph C. Hadnot, filed for relief under Chapter 7 of the Bankruptcy Code on June 7, 1991.

During the course of the bankruptcy case, debtor was terminated from his employment with Winn-Dixie Blue Arrow Division (“Winn-Dixie”).

Winn-Dixie has a 401K profit sharing plan in which debtor participated. On September 30, 1991, debtor…