Moore v. Bank of Commerce (In Re Moore)

MEMORANDUM OF OPINION ON BUSINESS HOMESTEAD i .

JOHN C. AKARD, Bankruptcy Judge.

Joseph L. Moore, d/b/a Radford Hills Laundry (Debtor), seeks to set aside a lien held by Bank of Commerce of Abilene, Texas (Bank) asserting that it constitutes an invalid lien on his business homestead.

Facts

In 1978, the Debtor and his wife, Alma Faye Moore, moved from Kentucky to Abilene, Texas. They purchased a residence on a 17,000 square foot lot located at 918 Green Valley Drive. In June, 1978, the Debtor acquired the Radford Hills Laundromat (original laundromat). The original laundromat contained…