Legal Opinion
Fraley v. Commercial Credit
District Court, W.D. Kentucky
Decided November 16, 1995No. Civ. A. C95-541-L(H)PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION
HEYBURN, District Judge.
This case is before the Court on Appellants’ appeal of two Bankruptcy Court orders. The issue on appeal in this ease is whether a stereo, an aquarium and a camcorder, exempt from the bankruptcy estate by virtue of a state statute, are protected by the lien avoidance provision of 11 U.S.C. § 522(f). After hearing oral arguments and considering the applicable law, the Court concludes that the pertinent Bankruptcy Code section permits avoidance of liens on these specific items.
I
Debtors filed a Chapter 7 petition on May 1, 1995. Pursuant to K.R.S. §§…
2Cases cited7 opinions
- 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
- In Re Victor D. McGreevy Darlene A. McGreevy Debtors. Darlene A. McGreevy v. Itt Financial ServicesCourt of Appeals for the Fourth Circuit · 1992
- In Re ValeUnited States Bankruptcy Court, N.D. Indiana · 1989
- In Re WrightUnited States Bankruptcy Court, W.D. Kentucky · 1983
- In Re PsickUnited States Bankruptcy Court, D. Minnesota · 1985
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3Cited by1 opinion
- In re ElstUnited States Bankruptcy Court, E.D. Wisconsin · 1997