IN RE TAPPAN

No. 01-16589 B.

277 B.R. 491 (2002)

In re Lois R. TAPPAN, Debtor.

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

May 3, 2002.


Attorney(s) appearing for the Case

Penney, Maier, Wallach & Crowe, Mark S. Wallach, of counsel, Buffalo, NY, for trustee.

Jeffrey Freedman Associates, P.C., Mark C. Laudisio, of counsel, Buffalo, NY, for debtor.


CARL L. BUCKI, Bankruptcy Judge.

Lois R. Tappan receives a monthly annuity payment of $418, pursuant to an annuity contract that an insurer had funded under the terms of a structured settlement of a personal injury claim. Fourteen years after accepting that settlement, Ms. Tappan filed the present petition for relief under Chapter 7 of the Bankruptcy Code. Representing that the annuity constitutes almost half of her monthly income, Tappan claims an exemption for that...

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