IN RE FARNIK

Bankruptcy No. 81 B 2284.

17 B.R. 856 (1982)

In re Joseph A. FARNIK, Debtor.

United States Bankruptcy Court, N.D. Illinois, E.D.

February 26, 1982.


Attorney(s) appearing for the Case

Vincent J. Pascucci, Chicago, Ill., for debtor.

Craig Phelps, the Chapter 13 standing trustee submitted a brief in support of his motion.


MEMORANDUM OPINION

FREDERICK J. HERTZ, Bankruptcy Judge.

This cause comes to be heard on the objection of the Chapter 13 Standing Trustee to the homestead exemption claimed by the debtor. The exemption is sought to be applied against the value of his right of redemption in property currently held in land trust. The facts are not in dispute and are set forth below. The issues presented to this court are whether a mortgagor's

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