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PAYNE v. WOOD

No. 84-2565.

775 F.2d 202 (1985)

Jerry PAYNE and Deborah Payne, Debtors-Appellants, v. Charles R. WOOD, Jr., Plaintiff-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 18, 1985.

Rehearing and Rehearing Denied November 14, 1985.

Attorney(s) appearing for the Case

George R. Ripplinger, Jr., Ripplinger, Dixon, Hoffman & Ver Steegh, Belleville, Ill., for debtors-appellants.

Charlene E. Novick, Carr, Korein, Kunin, Schlichter & Brennan, East St. Louis, Ill., for plaintiff-appellee.

Before CUDAHY and EASTERBROOK, Circuit Judges, and PELL, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied November 14, 1985.

EASTERBROOK, Circuit Judge.

In 1981 Jerry and Deborah Payne made two lists of their household possessions. The first list recited that they owned a 9-year-old refrigerator worth $25, an 8-year-old stereo worth $50, furniture worth $615, household dishes and small appliances worth $100, clothing worth $125, a color television set worth $250, no books, no firearms or sports equipment, and no insurance...

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