In Re Matthews

ORDER

JAMES P. SMITH, Bankruptcy Judge.

Before the Court is “Trustee’s Objection To Debtor’s Claimed Exemptions”. Trustee’s objection came on for hearing on April 26, 2011. The Court, having considered the evidence presented and the arguments of counsel, now issues this order sustaining the objection.

FACTS

Debtors James and Kathy Matthews have been married for 44 years. They own a twenty-acre tract of land upon which their residence is located. They also own an adjoining eleven-acre tract. Until they retired, they were both employed. The Matthews have traditionally deposited their paychecks and…