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IN RE McVADE

Bankruptcy No. 86-61195.

72 B.R. 560 (1987)

In re Mary Bulatovich McVADE, Debtor.

United States Bankruptcy Court, N.D. Indiana, Hammond Division at Gary.

April 27, 1987.

Attorney(s) appearing for the Case

M.M.C. Kennedy, Merrillville, Ind., for the Trustee G.E. Gouveria (Trustee).

E. Powell, East Chicago, Ill., for the debtor.

ORDER GRANTING TRUSTEE'S OBJECTION TO EXEMPTION

FRANCIS G. CONRAD, Bankruptcy Judge*.

The Trustee objects to the debtor's claimed exemption in a Thrift Plan. Under Indiana law, the Debtor's interest in the Thrift Plan is personal property and, therefore, property of the bankruptcy estate under 11 U.S.C. § 541(a)(1). Because the Thrift Plan fails to fulfill Indiana's spendthrift trust requirements, we hold the Plan does not...

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