MEMORANDUM AND ORDER
PAUL W. GLENNON, Bankruptcy Judge.
On March 4, 1980, the debtors filed a joint petition pursuant to chapter 7 of the Bankruptcy Code. They listed as an asset their principal residence, secured for $18,710.71, with a market value of $29,000.00. On Schedule B-4 of the debtor's schedules, they claimed an exemption in their principal residence of $15,000.00 pursuant to 11 U.S.C. § 522(d).
On April 24, 1980, the First Meeting...
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