In Re Dardar

HAL J. BONNEY, Jr., Bankruptcy Judge.

In this case of first impression, the Court must interpret and define 11 U.S.C. § 522(f)(2).

Joseph and Ana Dardar [debtors] filed a voluntary petition for bankruptcy on February 5, 1980. Pursuant to § 34 — 4, Code of Virginia, as amended, 1979, the debtors filed a homestead deed through which they declared $4,712.00 worth of property exempt. $5000 is the maximum homestead exemption permitted in Virginia. The debtors claimed $275.00 in personal property exempt under the Poor Debtor’s Exemptions, § 34-26, Code of Virginia, as amended, 1979.

On March 14, 1980,…