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IN RE WOLFE

Nos. B-35-65, B-36-65.

249 F.Supp. 784 (1966)

In the Matter of Robert Payne WOLFE, t/a Mount Airy Pharmacy, Bankrupt. In the Matter of Phyllis Dean WOLFE, Bankrupt.

United States District Court M. D. North Carolina, Greensboro Division.

February 4, 1966.

Attorney(s) appearing for the Case

Charles E. Dameron III, Chapel Hill, N. C., for trustee in bankruptcy for Robert Payne Wolfe, T/A Mount Airy Pharmacy, and Phyllis Dean Wolfe, petitioners.

George K. Snow, Mount Airy, N. C., for Robert Payne Wolfe, T/A Mount Airy Pharmacy, and Phyllis Dean Wolfe, respondents.

EDWIN M. STANLEY, Chief Judge.

This matter is before the Court on the petition of the trustee in Bankruptcy for Robert Payne Wolfe and Phyllis Dean Wolfe for review of an order of the Referee, dated December 16, 1965, holding that the cash surrender value of two life insurance policies on the life of Robert Payne Wolfe, one of the bankrupts, is exempt property under the laws of the State of North Carolina and the Bankruptcy Act.

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