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IN RE CHORNEY

Bankruptcy No. 00-23177. Adversary No. 01-2122.

277 B.R. 477 (2002)

In re Robert Chad CHORNEY, Debtors. Douglas J. Lustig, as Trustee, Plaintiffs, v. Peachtree Settlement Funding, LLC, and CNA Structured Settlement, Inc., Defendants.

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

May 2, 2002.

Attorney(s) appearing for the Case

Warren B. Rosenbaum, Shapiro, Rosenbaum, Liebschutz & Nelson, LLP, Rochester, NY, for Plaintiff.

Craig M. Lessner, Settlement Funding, Inc., Norcross, GA, for Defendant.

Stephen R. Harris, Drinker, Biddle & Reath, LLP, Philadelphia, PA, for Defendant CNA.

DECISION & ORDER

JOHN C. NINFO, II, Chief Judge.

BACKGROUND

On October 26, 2000, Robert Chad Chorney (the "Debtor") filed a petition initiating a Chapter 7 case. On the Schedules and Statements required to be filed by Section 521 and Rule 1007, the Debtor indicated that he: (1) was the recipient of a structured settlement payable by CNA Insurance, which he valued at $59,000.00 and in which he claimed a $7,500.00 exemption; (2) had creditors...

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