Rosen v. Associates Financial Services Co. (In Re Rosen)

MEMORANDUM AND ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

The debtor seeks under 11 U.S.C. § 522(f)(2) to set aside a lien on household appliances held by Associates Financial Services Company (Associates).

FACTS

The facts are not in dispute. The debtor purchased household appliances, as defined in § 522(f)(2) of the Bankruptcy Code (11 U.S.C. § 522(f)(2)), for the sum of $2,819.45. Associates financed the purchase by issuing its check to the vendor and receiving, in return, a security interest in the appliances. The debtor’s contract obligated him to repay the sum of $2,500 advanced by Associates…