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IN RE DUCKETT

Bankruptcy No. TX 85-76F.

65 B.R. 545 (1986)

In re Thomas E. DUCKETT and Betty J. Duckett, Debtors.

United States Bankruptcy Court, W.D. Arkansas, Texarkana Division.

September 16, 1986.

Attorney(s) appearing for the Case

James H. Gray, Jr., Little Rock, Ark., for debtors.

Claude S. Hawkins, Jr., Ashdown, Ark., for creditor.

MEMORANDUM OPINION

ROBERT F. FUSSELL, Chief Judge.

Now before the Court is the Trustee's amended objection to the debtors' claim as exempt the proceeds of the cash value of their interests in certain Metropolitan life insurance policies. The issue of whether such proceeds should be declared exempt has been presented upon stipulations and briefs.

It is the trustee's position that the cash value proceeds of life insurance are not exempt under Arkansas...

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