Provident Bank v. Antonucci (In re Antonucci)

By: Magdeline D. Coleman, Chief United States Bankruptcy Judge

I. INTRODUCTION

Before the Court for disposition are two separate matters in the bankruptcy case of Marc S. Antonucci (the "Debtor"). First, the Debtor seeks to avoid a judgment lien (the "Lien Avoidance Motion")1 in favor of Provident Bank ("Provident," and together with the Debtor, the "Parties") in the amount of $7,391,404.88 pursuant to § 522(f) of the Bankruptcy Code, 11 U.S.C. §§ 101, et seq. (the "Bankruptcy Code"), which permits a debtor to avoid a judicial *621lien that impairs an exemption to which the debtor may be entitled.

Se…