MATTER OF WALDEN

No. 93-8207.

12 F.3d 445 (1994)

In The Matter Of Charles R. WALDEN, Jr. and Laura H. Walden, Debtors. Charles R. WALDEN, Jr., and Laura H. Walden, a/k/a Laura Hill Walden, Appellants, v. Mac H. McGINNES, Jr., Appellee.

United States Court of Appeals, Fifth Circuit.

January 13, 1994.


Attorney(s) appearing for the Case

Ronald Edward Ingalls, Alvis, Carssow, Cummins, Hoeffner & Botsford, P.C., Austin, TX, for appellants.

Harvey D. Caughey, Austin, TX, for appellee.

Before GOLDBERG, JOLLY and BARKSDALE, Circuit Judges.


BARKSDALE, Circuit Judge:

Charles and Laura Walden appeal from the denial, by the bankruptcy and district courts, of their claimed exemption for an annuity pursuant to Tex.Ins.Code art. 21.22. We REVERSE and RENDER judgment allowing the exemption.

I.

Prior to 1986, Charles Walden, Jr., was employed in his family's funeral business, consisting of Cook-Walden Funeral Homes (a partnership owning funeral homes) and Capital Parks, Inc. (a corporation...

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