Jackson v. First National Bank of La Jara (In re Jackson)

ORDER ON MOTION TO VOID LIEN

CHARLES E. MATHESON, Chief Judge.

This matter is before the Court pursuant to a motion filed by the Debtors under 11 U.S.C. § 522(f)(2). The Debtors seek to void a nonpossessory nonpurchase-money lien in certain hand tools, a chain saw and a horse trailer. The Debtors claim that these items are in their possession and are exempt pursuant to the provisions of C.R.S. § 13-54-102(l)(g) as farm equipment.

The facts show that at the time that this bankruptcy case was filed, the Debtors were engaged in farming and ranching. They were indebted to the First National Bank of…