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IN RE CLARK

Bankruptcy No. 80-995, Adv. No. 80-950.

11 B.R. 828 (1981)

In re Richard N. CLARK, Sr. and Marlene A. Clark, Debtors. Richard N. CLARK, Sr. and Marlene A. Clark, Plaintiffs, v. The SAVINGS & TRUST COMPANY OF PENNSYLVANIA, Defendant.

United States Bankruptcy Court, W.D. Pennsylvania.

June 3, 1981.

Attorney(s) appearing for the Case

Myron H. Tomb, Jr., Indiana, Pa., for plaintiffs, Richard N. Clark, Sr. and Marlene A. Clark.

Edwin M. Clark, Indiana, Pa., trustee.

W. Parker Ruddock, Indiana, Pa., for defendant, Sav. & Trust Co. of Pennsylvania.

MEMORANDUM OPINION.

JOSEPH L. COSETTI, Bankruptcy Judge.

FACTS

On June 27, 1980 Richard N. Clark, Sr. and Marlene A. Clark filed a joint petition under Chapter 7 of the Bankruptcy Code. The first meeting of creditors was held on October 3, 1980. The trustee's Proceeding Memo reports the value of the debtors' real estate to be $19,500.00. The trustee approved the § 522(d)(1) exemption of $15,000.00 taken by the debtors.

On October 17...

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