Ambler Coleman Ragsdale and Ann Parrish Hancock Ragsdale v. Genesco, Inc.

This is an appeal from the District Court which affirmed the Bankruptcy Court’s denial, 9 B.R. 991, of the claim of Appellants, Ambler Coleman Ragsdale and Ann Parrish Hancock Ragsdale, to an exemption of the equity in the residence held by them as tenants by the entirety.

On June 20,1980, the Ragsdales, husband and wife, suffered a pre-bankruptcy judgment against both of them in favor of Appellee, Genesco, Inc., in a Virginia state court in the amount of $8,532.26 plus attorney’s fees, costs and interest. This judgment was duly recorded and constituted a valid, judicial lien against the…