This is an important case regarding the exemption of annuity payments. Essentially, the Chapter 7 Trustee objected to the debtor exempting annuity payments they were receiving from an auto accident. The payments were part of a structured settlement where she would receive lump sum distributions at 3 year intervals.
The court held that the debtor's right to receive the distributions were not exempt. It recognized that she did not "own" the annuity contract and the contract was not part of the bankruptcy estate, but her "interest" in the "stream of payments" was property of the estate.
To me, as a bankruptcy lawyer in Chester County, this seems like a no-brainer. I would have made sure to have the client recognize that it was likely that the payments would not be exempt as they most closely reflect income/inheritance.