Legal Opinion

Walkington v. Production Credit Ass'n (In Re Walkington)

United States Bankruptcy Court, W.D. Michigan

Decided August 25, 1984No. 19-03843PublishedCited by 31 opinions

1Opinion of the Court

OPINION

LAURENCE E. HOWARD, Bankruptcy Judge.

Novation of Loan and Security Agreements

Tool of the Trade Exemption and Lien Avoidance

Applicability of § 522(d)(5) Exemptions For Purpose of Lien Avoidance

Both cases presently before the Court for decision raise the same issues as to what constitutes a tool of the debtor’s trade under § 522(f)(2)(B) and the applicability of the “spillover” exemption under § 522(d)(5) for the purpose of lien avoidance under the Bankruptcy Code.

In re Anglin: On April 29, 1980, John Anglin, debtor herein, procured a loan from Credithrift of America in the amount of…

2Cases cited17 opinions

  1. United States v. Security Industrial BankSupreme Court of the United States · 1982
  2. Sweeney v. Pacific Finance Co. (In Re Sweeney)United States Bankruptcy Court, E.D. Wisconsin · 1980
  3. Credithrift of America, Inc. v. Dubrock (In Re Dubrock)United States Bankruptcy Court, W.D. Kentucky · 1980
  4. In Re DipalmaUnited States Bankruptcy Court, D. Massachusetts · 1982
  5. O'Neal v. United States (In Re O'Neal)United States Bankruptcy Court, E.D. Missouri · 1982

12 more not listed; retrieve them via the Exa API.

3Cited by31 opinions

  1. In the Matter of Ronald and Marjorie Patterson, Debtors. Appeal of Abbotsford State BankCourt of Appeals for the Seventh Circuit · 1987
  2. In Re LimingCourt of Appeals for the Tenth Circuit · 1986
  3. In Re CormierUnited States Bankruptcy Court, W.D. Michigan · 2008
  4. In Re Lewis George Parrotte & Ila Jean Parrotte, Debtors. Lewis George Parrotte, Ila Jean Parrotte v. Jan M. Sensenich, Trustee-AppelleeCourt of Appeals for the Second Circuit · 1994
  5. In Re LarsonUnited States Bankruptcy Court, D. Colorado · 2001

26 more not listed; retrieve them via the Exa API.

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