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IN RE LIMA

Bankruptcy No. 93-20592.

169 B.R. 486 (1994)

In re Robert W. LIMA Jr. and Brenda J. Lima, Debtors.

United States Bankruptcy Court, D. Massachusetts, Eastern Division.

June 21, 1994.

Attorney(s) appearing for the Case

Stephen E. Shamban, Chapter 7 Trustee, Shamban Law Offices, Braintree, MA.

Daniel E. Goldrick, Fagan & Goldrick, P.C., Taunton, MA, for debtor.

Decision Regarding Trustee's Objection to Debtors' Claim of Exemption

WILLIAM C. HILLMAN, Bankruptcy Judge.

Before the Court is the Chapter 7 trustee's objection to debtors' claimed exemptions. Debtor Robert Lima has a 401(k) Plan from his previous employer, Shaws, with a current balance of $10,000. Co-debtor Brenda Lima has an IRA account with a balance of $9,000. Debtors have $312,888 in unsecured debt mainly resulting from real estate foreclosure...

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