In Re Sandor Chabot in Re Betty B. Chabot, Debtors. City National Bank v. Sandor Chabot Betty B. Chabot
Court of Appeals for the Ninth Circuit
1Opinion of the Court
SNEED, Circuit Judge:
The debtors in this bankruptcy appeal challenge the district court’s holding that a junior judicial lien did not impair their homestead exemption and therefore could not be avoided under 11 U.S.C. § 522(f). 131 B.R. 720. We affirm the district court and deny avoidance.
I
FACTS AND PRIOR PROCEEDINGS .
This case involves a dispute over a judicial lien on the Chabots’ residence held by the appellees, City National Bank (CNB). On September 30, 1983, the Chabots guaranteed a demand note in favor of CNB for $165,277. CNB instituted an action to collect on September 23, 1984. On…
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