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MATTER OF LOVETT

Bankruptcy No. 80-01729-SJ, Civ. No. 81-6007-CV-SJ.

11 B.R. 123 (1981)

In the Matter of Hershel Lee LOVETT and Margie Ann Lovett, Debtors. Hershel Lee LOVETT and Margie Ann Lovett, Appellants, v. BENEFICIAL FINANCE CO., Appellee.

United States District Court, W.D. Missouri, St. Joseph Division.

March 17, 1981.

Attorney(s) appearing for the Case

Hugh A. Miner, St. Joseph, Mo., for debtors/appellants.

Steven C. Effertz, St. Joseph, Mo., for appellee.

ORDER AFFIRMING FINAL JUDGMENT DENYING PLAINTIFFS' COMPLAINT FOR LIEN AVOIDANCE

SACHS, District Judge.

This case involves a controversial new section of the Bankruptcy Code. On December 16, 1980, Bankruptcy Judge Stewart ruled for the defendant finance company on the debtors' complaint for lien avoidance with respect to non-purchase-money security interests in certain household and personal property. Debtors sought relief under § 522(f) of the Code, as...

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