Williams v. Third National Bank in Nashville (In re Williams)

ORDER

RUSSELL H. HIPPE, Jr., Bankruptcy Judge.

The debtor has filed a complaint seeking pursuant to 11 U.S.C. § 722 to redeem a 1973 model automobile from a lien securing a debt owed to Third National Bank in Nashville. The debtor alleges that the automobile is worth $250. The bank asserts that the debt it secures exceeds $5,000.

The bank has filed a motion to dismiss, citing the provision of 11 U.S.C. § 722 which grants debtors the right to redeem property if it is “exempted under § 522 of this title or .. . abandoned under § 554.” The debt- or did not claim any interest in the automobile as…