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IN RE MAJUL

Bankruptcy No. 89-52662-RBK.

119 B.R. 118 (1990)

In re Felix Perez MAJUL and Ana Maria Majul, Debtors.

United States Bankruptcy Court, W.D. Texas, San Antonio Division.

August 27, 1990.

Attorney(s) appearing for the Case

Edgar M. Duncan, J. Stephen Weakley, Maebius & Duncan, Inc., San Antonio, Tex., for debtors, Felix Perez Majul and Ana Maria Majul.

John Patrick Lowe, W. Patrick Dodson & Associates, P.C., Uvalde, Tex., trustee.

OPINION

RONALD B. KING, Bankruptcy Judge.

The questions in this case are whether the Chapter 7 Debtors' interest in two pension and profit sharing plans is property of the estate, and if so, whether it can be claimed as exempt property under a state exemption or "other federal law." This Court holds that the ERISA qualified pension and profit sharing plans at issue are spendthrift trusts under the provisions of ERISA and, therefore, the Debtors' interest...

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