In Re Neal

MEMORANDUM OF OPINION ON LIEN AVOIDANCE

JOHN C. AKARD, Bankruptcy Judge.

The first question presented in this case is whether a nonpossessory, nonpurchase-money security interest was extinguished when the Debtors paid the debt it secured. The second question presented is whether a nonpossessory, nonpurchase-money security interest in farm equipment may be avoided by the Debtors under § 522(f)(2)(B) of the Bankruptcy Code 1 where the securi ty interest was created during the interim between the enactment date and the effective date of the Code. 2 The Court concludes that the liens may be avoided.