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IN RE PUTMAN

Bankruptcy No. 87-00120-A, Adv. No. 87-0738-A.

110 B.R. 783 (1990)

In re Robert PUTMAN and Kathy Putman, Debtors. Robert O. TYLER, Trustee, Plaintiff, v. Robert PUTMAN and Kathy Putman and Xerox Corporation, Defendants.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

February 14, 1990.

Attorney(s) appearing for the Case

Henry Counts, Jr., Alexandria, Virginia, for debtors.

Arnold S. Albert, Thomas, Hirsch & Albert, P.C., Washington, D.C., for Robert O. Tyler, trustee.

Daniel M. Lewis, Arnold & Porter, Washington, D.C., for Xerox Corporation.

MEMORANDUM OPINION

MARTIN V.B. BOSTETTER, Jr., Chief Judge.

We are called upon to determine whether the debtor's interest in funds under a profit sharing plan sponsored by Xerox Corporation ("defendant" or "Xerox") is excluded from property of the estate under § 541(c)(2) of the United States Bankruptcy Code ("Code").

Robert and Kathy Putman ("debtors") filed a petition under Chapter 7 of the Code on January 23, 1987. On the schedule of exempt...

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