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IN RE THOMPSON

Bankruptcy No. 396-30581-elp7.

197 B.R. 326 (1996)

In re Ian THOMPSON and Caroline F. Thompson, Debtors.

United States Bankruptcy Court, D. Oregon.

June 24, 1996.

Attorney(s) appearing for the Case

David Green, Portland, OR, for debtors.

John Mitchell, Trustee, pro se.

MEMORANDUM OPINION

ELIZABETH L. PERRIS, Bankruptcy Judge.

The trustee's objection to debtor Ian Thompson's claim of exemption in an annuity issued by First Colony Life Insurance Company (First Colony) came on for hearing on May 21, 1996. Debtor claims that payments he is scheduled to receive from First Colony in the future constitute an annuity that is exempt under ORS 743.049. The trustee argues that the payments are not an annuity or that, if they are...

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