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IN RE AYRE

Bankruptcy No. 93-70525.

158 B.R. 123 (1993)

In re Michael AYRE a/k/a D. Michael Ayre f/d/b/a MA Construction f/d/b/a Weaponry & Survival Equipment f/d/b/a Precision Cartridge f/d/b/a EI Process Service, Debtor.

United States Bankruptcy Court, C.D. Illinois.

September 7, 1993.

Attorney(s) appearing for the Case

Michael Ayre, pro se.

Cheryl Stickel Neal, Springfield, IL, for Capitol Ready-Mix, Inc.

Jeffrey C. Taylor, Decatur, IL, Trustee.

OPINION

LARRY L. LESSEN, Chief Judge.

The issue before the Court is whether the Debtor may claim an exemption in a leased vehicle pursuant to 735 ILCS 5/12-1001(c).

On March 19, 1993, the Debtor, Michael Ayre, entered into a lease with Ford Motor Credit Company for the lease of a 1993 Ford Ranger. In addition to the monthly lease payments, the Debtor was required to make an initial deposit of $2,000...

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