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IN RE PETRUZZELLI

Bankruptcy No. 91-23118-C-7.

139 B.R. 241 (1992)

In re Gary P. PETRUZZELLI, Debtor.

United States Bankruptcy Court, E.D. California.

April 14, 1992.

Attorney(s) appearing for the Case

Raymond P. Burton, Jr., Auburn, Cal., for debtor.

Rodney G. Commons, Sacramento, Cal., for trustee.

MEMORANDUM OPINION ON OBJECTION TO CLAIM OF EXEMPTION

CHRISTOPHER M. KLEIN, Bankruptcy Judge:

The question is whether California's exemption of credit union share accounts at California Financial Code § 14864 is an independent exemption that shields an unlimited amount of money from a bankruptcy trustee.1 No published decision answers the question. The leading bankruptcy treatise describes the law as "unclear." 7 L. King...

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