In Re Faughn

MEMORANDUM OPINION

DAVID P. McDonald, Bankruptcy Judge.

INTRODUCTION

On April 8, 1986, Debtors filed their voluntary Chapter 7 petition. On June 18, 1986, Anderson’s Home Furnishings (“Anderson’s”) filed its Motion To Modify Stay wherein it requested the Court to modify the stay by permitting it to foreclose its security interest on certain of Kevin Faughn’s personal property. On July 9, 1986, Debtors conceded the validity of Anderson’s motion as to some of the personalty, but alleged that the remainder of it was subject to lien avoidance under the Bankruptcy Code. At the pretrial conference on…