Deliguori v. Granite Bank (In re Deliguori)

MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

These two contested matters have been consolidated for decision because they present the identical issue of law. Debtors’ have moved pursuant to 11 U.S.C. § 522(f)(1) to avoid judicial liens that allegedly impair their right to realize the homestead exemption provided for by New Hampshire state law. The responding banks deny their judicial liens impair debtors’ homestead exemptions on the basis that the debtors have no equity, in the economic sense of that word, in their residences. The issue the Court must decide is whether a judicial lien…