IN RE McCOLLUM

No. 02-42986-293.

287 B.R. 750 (2002)

In re Charleen MCCOLLUM and Harold McCollum, Debtors.

United States Bankruptcy Court, E.D. Missouri, Eastern Division.

August 29, 2002.


Attorney(s) appearing for the Case

Steven K. Brown, St. Louis, MO, for Debtors.

A. Thomas DeWoskin, Danna McKitrick, P.C., St. Louis, MO, for trustee.

Fredrich J. Cruse, The Cruse Law Firm, Hannibal, MO, Chapter 7 Trustee.


MEMORANDUM OPINION

DAVID P. MCDONALD, Chief Judge.

In February 2002, Debtor Charleen McCollum withdrew all of her money from her federal retirement account and placed it into a money market savings account. Several weeks later she and her husband filed for relief under Chapter 7 of the Bankruptcy Code. In their schedules the McCollums claimed an exemption for the proceeds from the retirement account. Trustee objected to the exemption because the proceeds...

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