32 Collier bankr.cas.2d 508, Bankr. L. Rep. P 76,206 in Re Alan Bernard Linda Bernard, Debtors. Alan Bernard Linda Bernard v. Jeffrey C. Coyne, Chapter 7 Trustee Clement Sheaffer Mary Sheaffer

40 F.3d 1028 32 Collier Bankr.Cas.2d 508 , Bankr. L. Rep. P 76,206 In re Alan BERNARD; Linda Bernard, Debtors. Alan BERNARD; Linda Bernard, Plaintiffs-Appellants, v. Jeffrey C. COYNE, Chapter 7 Trustee; Clement Sheaffer; Mary Sheaffer, Defendants-Appellees. No. 93-55255. United States Court of Appeals, Ninth Circuit. Argued and Submitted June 8, 1994. Decided Nov. 21, 1994. Richard M. Moneymaker, Moneymaker & Kelly, Los Angeles, CA, for plaintiffs-appellants. William C. Sias, (argued) Epstein, Becker & Green, Los Angeles, CA, Robert G. Uriarte, (on the briefs) Milner, Uriarte & Lorch, Pasadena, CA, and Jamie R. Schloss, Los Angeles, CA, for defendants-appellees. Appeal from the United States District Court for the Central District of California. Before: D.W. NELSON, BEEZER and KOZINSKI, Circuit Judges. KOZINSKI, Circuit Judge. 1 This bankruptcy case presents both a procedural and a substantive question: first, whether objections to a debtor's claimed exemptions were timely under Bankruptcy Rule 4003(b); and second, whether a fully matured annuity policy is exempt under California law.I 2 On October 7, 1991, Alan and Linda Bernard filed for relief under Chapter 7 of the…