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IN RE SOWERS

Bankruptcy No. 87-40321, Proc. No. 87-4077.

97 B.R. 480 (1989)

In re Orville Wayne SOWERS & Doris Jean Sowers, Debtors. Margaret ROBB, Trustee, Plaintiff, v. Orville Wayne SOWERS & Doris Jean Sowers et al., Defendants.

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

February 22, 1989.

Attorney(s) appearing for the Case

Margret Robb, Joseph Bartlett, Lafayette, Ind., for trustee/plaintiff.

MEMORANDUM OF DECISION

ROBERT E. GRANT, Bankruptcy Judge.

Prior to joining in the bankruptcy petition initiating this case, the debtor, Mrs. Sowers, was employed by Bank One, Lafayette, N.A. Among the benefits the bank offered its employees was a 401(k) plan. Mrs. Sowers terminated her employment on June 12, 1987. As a result of termination, her contributions to the plan, which had a value in excess of $2,300.00, became immediately payable to her. On July...

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