Gunter v. GMAC Financing Corp. (In Re Gunter)
United States Bankruptcy Court, E.D. Virginia
1Opinion of the Court
OPINION
HAL J. BONNEY, Jr., Bankruptcy Judge.
Can the debtors avoid a judicial lien on their personal residence even if they have no equity in the property? Pursuant to 11 U.S.C. Section 522(f), the debtors seek to avoid a judicial lien on their residence held by GMAC Financing Corporation (“GMAC”). GMAC claims that 11 U.S.C. Section 522(f) applies only when the debtor possesses equity in the exempted property. It objects to the avoidance of its judicial lien on the debtors’ property.
The debtors filed their Chapter 7 petition on December 12,1988. On Schedule B-4 of their petition the debtors…
2Cases cited15 opinions
- In Re Robert N. Brown and Barbara Bex Brown, Debtors. Barbara Bex Brown v. Virginia M. Dellinger, Individually and D/B/A Dellinger Art & AntiquesCourt of Appeals for the Second Circuit · 1984
- Oliver Reginald Cheeseman and Isabelle Cheeseman v. Erwin B. Nachman, in Re Oliver Reginald Cheeseman and Isabelle Cheeseman, DebtorsCourt of Appeals for the Fourth Circuit · 1981
- Lovett v. Beneficial Finance Co. (In Re Lovett)District Court, W.D. Missouri · 1981
- In Re HillUnited States Bankruptcy Court, N.D. Ohio · 1980
- Kursh v. Dial Finance Co. (In Re Kursh)United States Bankruptcy Court, W.D. Missouri · 1981
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3Cited by9 opinions
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- In Re SerapigliaUnited States Bankruptcy Court, E.D. New York · 1990
- In Re BozzelliUnited States Bankruptcy Court, E.D. Pennsylvania · 1998
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