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IN RE TILLERSON

Bankruptcy No. 584-50181.

49 B.R. 11 (1984)

In re Carl L. TILLERSON, Jr., and Penny Jane Tillerson, Debtors.

United States Bankruptcy Court, N.D. Texas, Lubbock Division.

November 21, 1984.

Attorney(s) appearing for the Case

R. Byrn Bass, Jr., Lubbock, Tex., for debtors.

Myrtle McDonald, Lubbock, Tex., Trustee.

MEMORANDUM AND ORDER

BILL H. BRISTER, Bankruptcy Judge.

This Memorandum treats the right of joint debtors to separate the cash value of a life insurance policy into unequal portions and to claim exemption in all of that cash surrender value under different exemption systems.

The debtors filed joint petition for order for relief under Chapter 7 of Title 11, United States Code on June 27, 1984. The petition was filed prior to the effective date of...

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