Associates Financial Services Co. v. Williams (In Re Williams)

JOINT MEMORANDUM OPINION AND ORDER

H. CLYDE PEARSON, Bankruptcy Judge.

Plaintiff-Debtor seeks to avoid non-pos-sessory, non-purchase money liens held by Associates Financial Services and Blazer Financial against a 1979 Chevrolet automobile, which Debtor claims is avoidable under § 522(f)(2)(B) of the Bankruptcy Code as exempt “tools of trade”.

The facts are essentially undisputed. On October 13, 1983, Daniel and Sheila Williams (Debtors) filed a joint Chapter 13 petition in bankruptcy. In their schedules and Homestead Deed, Debtors claimed the 1979 Chevrolet exempt pursuant to § 34-26 of the…