Legal Opinion
Sioux Falls Veterans Administration Employees Federal Credit Union v. Van Gorkom (In Re Van Gorkom)
United States Bankruptcy Court, D. South Dakota
Decided June 20, 1980No. 19-40032PublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM DECISION
PEDER K. ECKER, Bankruptcy Judge.
Debtor filed her Chapter 7 Petition and Schedules on January 16, 1980. On February 19, 1980, the Sioux Falls Veterans Administration Employees Federal Credit Union, hereinafter referred to as Creditor, filed a Complaint Objecting to Exemptions. Creditor alleged that Debtor improperly applied 11 U.S.C. Section 522(f) to avoid a lien on a 1977 Sears freezer worth $100.00. Creditor further alleged that property subject to a lien may be claimed as exempt, but only the unencumbered portion of the property is to be counted on in computing the…
2Cases cited3 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Long v. BullardSupreme Court of the United States · 1886
- Long and Wife v. BullardSupreme Court of the United States · 1886
3Cited by20 opinions
- Kursh v. Dial Finance Co. (In Re Kursh)United States Bankruptcy Court, W.D. Missouri · 1981
- Chesanow v. W.H. Squire Co. (In Re Chesanow)United States Bankruptcy Court, D. Connecticut · 1982
- Burkholder v. National Central Bank (In Re Burkholder)United States Bankruptcy Court, E.D. Pennsylvania · 1981
- Alu v. State, Department of Taxation & FinanceDistrict Court, E.D. New York · 1984
- Matter of LampingUnited States Bankruptcy Court, E.D. Wisconsin · 1981
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