Associates Consumer Discount Co. v. Kriger (In Re Kriger)

MEMORANDUM OPINION

JOSEPH L. COSETTI, Bankruptcy Judge.

The matter before the Court is a motion for relief from the automatic stay. For the reasons stated below, the Debtors have 20 days to amend their exemptions. Relief from the automatic stay is denied at this time. If the Debtors are unable to raise a valid exemption, the court will reconsider the motion for relief from stay.

I. FACTS

The facts in this case are not in dispute. On August 6, 1993, the Krigers (“Debtors”) signed a Home Improvement Installment Contract (“Contract”) in order to finance the purchase a carpet, padding and…