Associates Financial Services Co. of Indiana v. Boldman

YOUNG, Presiding Judge.

Associates Financial Services Company of Indiana, Inc., sought to foreclose its security agreement and recover collateral pledged by Jack C. Boidman to secure a consumer loan. The trial court awarded judgment in favor of Boldman. Associates appeals raising these issues:

1) whether a non-possessory, non-purchase money security interest in household goods is extinguished when a debtor claims such property exempt and receives a discharge in bankruptcy; and

2) whether a debtor may interpose the Indiana general exemption statute to prevent the foreclosure of a security…