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Larry & Norma Reiser, Ch. 12, BK87-2550

Just before filing bankruptcy, the debtors used the proceeds of unencumbered assets to purchase an exempt annuity. The court overruled objections to their proposal to use the annuity's value to fund their Chapter 12 plan, finding no bad faith or fraud

Date: 
Saturday, January 2, 1988
Judge: 
Judge Timothy J. Mahoney (Retired)