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IN RE TIBERIA

Bankruptcy No. 98-20866.

227 B.R. 26 (1998)

In re Frank J. TIBERIA and Julie F. Tiberia, Debtors.

United States Bankruptcy Court, W.D. New York.

November 13, 1998.

Attorney(s) appearing for the Case

Stewart E. McDivitt, Montour Falls, NY, for debtors.

Douglas J. Lustig, Saperston & Day, P.C., Rochester, NY, Chapter 7 Trustee.

DECISION & ORDER

JOHN C. NINFO, II, Bankruptcy Judge.

BACKGROUND

On March 11, 1998, Julie F. Tiberia ("Julie Tiberia") and Frank J. Tiberia (collectively, the "Debtors") filed a petition initiating a Chapter 7 case. On their schedules and statements, required to be filed by Section 521 and Rule 1007, the Debtors indicated that: (1) they owned wedding rings with a market value of $2,000, which they were claiming as exempt property, pursuant...

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