Frameli v. Reed Oil Co. (In Re Frameli)

MEMORANDUM OPINION

BERNARD MARKOVITZ, Bankruptcy Judge.

Debtors seek pursuant to 11 U.S.C. § 522(f)(1) to avoid several judicial liens against their personal residence which are held by respondents Reed Oil Company (“Reed”), Pittsburgh National Bank (“PNB”), and Three Rivers Bank (“Three Rivers”). Debtors assert that the liens may be avoided because they impair the exemption debtors have claimed in their residence pursuant to 11 U.S.C. § 522(d)(1).

Reed opposes the motion to avoid its judicial lien because debtors allegedly have no equity in their residence.

Debtors’ motions to avoid in their…