026046P.pdf   06/16/2003  Renee S. Williams  v.  Michael Todd Bradley
   U.S. Court of Appeals Case No:  02-6046
   Western District of Arkansas   
   Bankruptcy Appellate Panel. As the trustee did not seek to deny debtors 
   a discharge, there was no legal basis in Arkansas law to consider the 
   trustee's allegation that debtors should be denied their claim of a 
   homestead exemption because they converted non-exempt assets into 
   exempt assets; since the debtors' homestead exceeded $2,500 in value, 
   the debtors were entitled to select which portion of the tract they wished 
   to claim as exempt; their decision to carve out a one-quarter acre 
   containing the home and strips of land on all sides of it was not 
   unreasonable or arbitrary; fact that restrictive covenants reduce 
   the value of the non-exempt portions of the property is not relevant 
   to a debtor's right to select and claim a one-quarter acre as exempt 
   under Arkansas law.