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IN RE HUEBNER

No. 92-2106.

986 F.2d 1222 (1993)

In re Glen H. HUEBNER, Debtor. Glen H. HUEBNER, Plaintiff-Appellant, v. FARMERS STATE BANK, GRAFTON, IOWA, Defendant-Appellee.

United States Court of Appeals, Eighth Circuit.

Decided February 26, 1993.

Attorney(s) appearing for the Case

Ted Enabnit, Mason City, IA, argued, for appellant.

Randall E. Nielsen, Mason City, IA, argued, for appellee.

Before McMILLIAN, Circuit Judge, LAY, Senior Circuit Judge, and LOKEN, Circuit Judge.

LOKEN, Circuit Judge.

Glen H. Huebner, a Chapter 7 debtor, filed for bankruptcy on November 9, 1990, when he was sixty-four years old. He claimed an exemption under Iowa Code § 627.6(8)(e) for two flexible premium annuities worth $30,000. Farmers State Bank of Grafton and the bankruptcy trustee filed objections, and the bankruptcy court upheld the claimed exemption. The district court1 reversed the bankruptcy court, concluding that...

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