Legal Opinion
In Re Adoptante
United States Bankruptcy Court, D. Rhode Island
Decided April 20, 1992No. Bankruptcy 91-12538PublishedCited by 1 opinion
1Opinion of the Court
DECISION AND ORDER
ARTHUR N. VOTOLATO, Bankruptcy Judge.
Heard on January 30, 1992, pursuant to 11 U.S.C. § 522(f)(2)(A), 1 on the motion of Debtors Vergel S. Adoptante and Julie Adoptante to avoid a security interest held by creditor Avco Financial Services of Rhode Island, Inc. At issue is whether refinancing of a loan secured by a purchase money security interest in household goods extinguishes the purchase money nature of the loan.
BACKGROUND
On August 28, 1989, Vergel S. and Julie Adoptante (Debtors) purchased a bedroom set and living room ensemble from Alperts Furniture for $5,113.42. They…
2Cases cited5 opinions
- Manuel v. PierceCourt of Appeals for the Fifth Circuit · 1975
- Dominion Bank of the Cumberlands, Na v. James R. Nuckolls Judy M. NuckollsCourt of Appeals for the Fourth Circuit · 1985
- Pristas v. Landaus of Plymouth, Inc.Court of Appeals for the Third Circuit · 1984
- Stevens v. Associates Financial ServicesUnited States Bankruptcy Court, D. Colorado · 1982
- Smiley v. Feldman Furniture Co. (In Re Smiley)United States Bankruptcy Court, D. Rhode Island · 1988
3Cited by1 opinion
- In Re LeftwichUnited States Bankruptcy Court, W.D. Virginia · 1994