Clark v. Transouth Financial Corp. (In Re Clark)

ORDER AVOIDING LIENS

HAL J. BONNEY, Jr., Bankruptcy Judge.

This matter came to be heard upon the applications of the debtors herein to avoid the nonpossessory, nonpurchase money security interests of the above-captioned creditors pursuant to 11 U.S.C. § 522(f). The debtors, having been apprised of the Court’s opinion in In re Felmey et al, 9 B.R. 331, Case. No. 80-00570, February 26, 1981, requested an additional ruling in order to establish the time frame of analysis to be used. The Court renders the following opinion and order.

The cases present analogous factual settings. Each of the debtors…