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MATTER OF SCHWARTZ

Bankruptcy No. 94-21320. Adv. No. 94-2574.

185 B.R. 479 (1995)

In the Matter of Jack I. SCHWARTZ, Debtor. Den Norske BANK, Plaintiff, v. Jack I. SCHWARTZ, Defendant.

United States Bankruptcy Court, D. New Jersey.

July 20, 1995.

Attorney(s) appearing for the Case

Mandelbaum, Salsburg, Gold, Lazris, Discenza & Steinberg, P.C. by Yale I. Lazris, Catherine M. Bani, West Orange, NJ, for debtor-defendant.

Cohn, Lifland, Pearlman, Herrmann & Knopf by Brian D. Zinn, Saddle Brook, NJ, for plaintiff.

Lapenna & Pasquariello, by Anthony J. Pasquariello, Clifton, NJ, for Trustee Barbara Edwards.

OPINION

ROSEMARY GAMBARDELLA, Bankruptcy Judge.

The matter before the Court is the motion by Den Norske Bank ("Bank") to have an exemption claimed by debtor Jack I. Schwartz ("Debtor") declared invalid [hereinafter referred to as the "Exemption Motion"]. The following constitutes this Court's findings of fact and conclusions of law.

FACTS

On March 7, 1994, the Debtor filed a chapter 7 voluntary petition with all schedules...

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