Matter of Shipman
United States Bankruptcy Court, N.D. Indiana
1Opinion of the Court
DECISION
ROBERT E. GRANT, Bankruptcy Judge.
This matter is before the court on debtors’ motion to avoid the security interest of Hicksville Bank on their 1976 Chevrolet pickup truck. The truck has been claimed as exempt pursuant to I.C. 34-2-28-l(a)(2). Debtors contend that the truck is a tool of Mr. Shipman’s trade, entitling them to avoid the bank’s nonpossessory, nonpurchase-mon-ey security interest pursuant to 11 U.S.C. § 522(f)(2)(B). The bank acknowledges that it holds a nonpossessory, nonpurchase-money security interest on the truck. It objects to the motion, however, arguing that the…
2Cases cited11 opinions
- Owen v. OwenSupreme Court of the United States · 1991
- In the Matter of Ronald and Marjorie Patterson, Debtors. Appeal of Abbotsford State BankCourt of Appeals for the Seventh Circuit · 1987
- In the Matter of Marie ERICKSON, Debtor-Appellee. Appeal of DORCHESTER STATE BANKCourt of Appeals for the Seventh Circuit · 1987
- In Re Gary Thompson and Randalyn Thompson, Debtors-Appellees. Appeal of Abbotsford State BankCourt of Appeals for the Seventh Circuit · 1989
- In Re Curtis Neal Heape and Billie Jean Heape, Debtors. Curtis Neal Heape and Billie Jean Heape, Debtors-Appellants v. Citadel Bank of IndependenceCourt of Appeals for the Tenth Circuit · 1989
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3Cited by1 opinion
- In Re ZaisUnited States Bankruptcy Court, N.D. Illinois · 1996