IN RE THIEM

No. 4:10-bk-19279-JMM.

443 B.R. 832 (2011)

In re Walter Richard THIEM and Kay A. Thiem, Debtors.

United States Bankruptcy Court, D. Arizona.

January 19, 2011.


Attorney(s) appearing for the Case

Stephen Trezza, Tucson, AZ, for Debtors.

Trudy Nowak, Rochester, NY, Chapter 7 Trustee.


MEMORANDUM DECISION

JAMES M. MARLAR, Chief Judge.

I. INTRODUCTION

In this matter of first impression, the chapter 7 trustee objects to the debtors' claimed exemption for an individual retirement account ("IRA") that Mrs. Thiem inherited as the beneficiary of her mother's IRA prior to bankruptcy.1 Having considered the arguments as well as the amended Schedule C and the...

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