In re Greenly
Oct
12
2012
Ruling
Monthly personal injury settlement payments needed for support were exempt but additional lump sum payments were not exempt.
Procedural posture
Debtors declared chapter 7 bankruptcy and claimed that monthly payments the female debtor received under a structured settlement agreement were exempt from creditors' claims. The debtors amended their schedules and claimed that monthly payments and lump-sum payments the female debtor received under the settlement and an annuity were exempt from creditors' claims. The chapter 7 trustee filed an objection to the debtors' claim.
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Court
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