Legal Opinion
Security Pacific Finance Corp. v. Barto (In Re Barto)
United States Bankruptcy Court, E.D. Virginia
Decided January 7, 1981No. 19-30342PublishedCited by 10 opinions
1Opinion of the Court
HAL J. BENNEY, Jr., Bankruptcy Judge.
An entirely new and now highly controversial feature was placed in the Bankruptcy Code which did not appear in the prior Act. It is section 522(f), 11 U.S.C. 522(f). Its provisions would permit a debtor to avoid a non-possessory, non-purchase money security interest in certain exempt household goods.
When Barto, the debtor here, borrowed money on November 7, 1978 from Security Pacific Finance Corporation, as collateral she was required to give Security Pacific a lien in almost all she had, including the household goods. Barto now seeks to avoid this lien…
2Cases cited31 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Pepper v. LittonSupreme Court of the United States · 1939
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- National League of Cities v. UserySupreme Court of the United States · 1976
- Katchen v. LandySupreme Court of the United States · 1966
26 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Car Village Buick-Opel, Inc. v. DeRosa (In Re DeRosa)United States Bankruptcy Court, S.D. New York · 1982
- Eagan v. Household Finance Corp. (In Re Eagan)United States Bankruptcy Court, N.D. New York · 1982
- French v. American General Financial Services (In Re French)United States Bankruptcy Court, E.D. Tennessee · 2009
- In Re Beneficial Finance Co. of VirginiaUnited States Bankruptcy Court, E.D. Virginia · 1982
- Felmey v. Household Finance Corp. (In Re Felmey)United States Bankruptcy Court, E.D. Virginia · 1981
5 more not listed; retrieve them via the Exa API.