Bankr. No.:
95-30031
Chapter:
7
Date of Decision:
January 29, 1996
Issue:
Whether antique bed suite that Debtor received from his mother as a gift to be passed to the Debtor's eldest son was exempt?
Ruling:
The antique bed set was property of the estate because Debtor did not receive it as a custodian or in trust for another. Debtor could exempt it under S.D.C.L. § 43-45-4 depending on its value and the value of other property he declared exempt, as total exemptions under S.D.C.L. § 43-45-4 could not exceed $2,000.00.
Full Bankruptcy Court Decision:
