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IN RE GULLO

Bankruptcy No. 95-71343.

187 B.R. 641 (1995)

In re Dennis E. GULLO, Jr., Debtor.

United States Bankruptcy Court, C.D. Illinois.

September 18, 1995.

Attorney(s) appearing for the Case

William A. Krajec, Springfield, IL, for Debtor.

John L. Swartz, Trustee, Springfield, IL.

OPINION

LARRY L. LESSEN, Bankruptcy Judge.

The issue before the Court is whether the Debtor may use his wild card exemption under 735 ILCS 5/12-1001(b) to exempt the proceeds from the sale of a business.

The Debtor, Dennis E. Gullo, Jr., filed a petition pursuant to Chapter 7 of the Bankruptcy Code on July 11, 1995. He is currently unemployed. In October 1994, the Debtor sold a business in Galesburg, Illinois, to Brad Price for $20,000.00...

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