United States District Court, S.D. Georgia, Augusta Division
THOMAS J. MCFARLAND, Appellant,
A. STEPHENSON WALLACE, Chapter 7 Trustee, Appellee
Appeal in: Chapter 7 Case No. 11-10218-SDB.
For Thomas J. McFarland, Appellant: Todd Boudreaux, LEAD ATTORNEY, Todd Boudreaux, PC, Evans, GA.
For Thomas J. McFarland, Debtor: Todd Boudreaux, Todd Boudreaux, PC, Evans, GA.
For A. Stephenson Wallace, Appellee: David B. Bell, LEAD ATTORNEY, Bell & Bell Associates, Augusta, GA.
For U.S. Trustee Office of the U.S. Trustee, Trustee: Matthew E. Mills, LEAD ATTORNEY, Office of the United States Trustee, Savannah, GA.
Honorable J. Randal Hall, United States District Judge.
Thomas J. McFarland (" Appellant" ) appeals from the Bankruptcy Court's September 29, 2012, and September 30, 2013, Orders sustaining A. Stephenson Wallace's (" Appellee" ) objection to Appellant's exemptions. This Court AFFIRMS the Bankruptcy Court's Orders.
I. JURISDICTION AND STANDARD OF REVIEW
This Court has appellate jurisdiction pursuant to 28 U.S.C. § 158(a)(1) and Bankruptcy Rules 8001 et seq. On appeal, the Court reviews the bankruptcy court's factual findings for clear error and its legal conclusions de novo. In re Globe Mfg. Corp., 567 F.3d 1291, 1296 (11th Cir. 2009).
This appeal presents two issues: (1) whether the Bankruptcy Court erred in determining that Appellant was limited to the $2,000.00 exemption for whole life insurance set forth in O.C.G.A. § 44-13-100(a)(9); and (2) whether the Bankruptcy Court erred in finding that Appellant's retirement annuity was not exempt pursuant to O.C.G.A. § 44-13-100(a)(2)(E).
A. Whole Life Insurance
Appellant argues that limiting him to the $2,000.00 exemption for the cash surrender value of life insurance provided in O.C.G.A. § 44-13-100 violates the Supremacy Clause and Bankruptcy Clause of the United States Constitution and the Equal Protection Clause of the Georgia Constitution. Appellant also urges that the cash surrender value may be claimed under O.C.G.A. ...