Slay v. Pioneer Credit Co. (In Re Slay)

MEMORANDUM

RALPH H. KELLEY, Bankruptcy Judge.

This case should be considered in connection with In re Coomer, 8 B.R. 351, decided on December 23, 1980, by this court. No. 3-80 00560.

In this case the debtors, David and Elizabeth Slay, seek to avoid the security interest of Pioneer Credit Company in certain of their household appliances and furnishings. They can do so only if Pioneer’s security interest is nonpurchase money. 11 U.S.C. § 522(f)(2)(A) (1979).

The question is whether or to what extent Pioneer has a purchase money, and therefore nonavoidable, security interest in the goods.

In January,…