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IN RE HOLLAND

Bankruptcy No. 80-00967, Adv. No. 80-0252.

16 B.R. 83 (1981)

In re Ronald James HOLLAND, Mary Louise Holland, Debtors. Ronald James HOLLAND, Mary Louise Holland, Plaintiffs, v. ASSOCIATES FINANCE, et al., Defendants.

United States Bankruptcy Court, N.D. Ohio, W.D.

December 14, 1981.

Attorney(s) appearing for the Case

Samuel G. Bolotin, Toledo, Ohio, for plaintiffs.

George Gusses, L. Mari Taoka, Toledo, Ohio, for defendant Thorp Credit Inc. of Ohio.

MEMORANDUM AND ORDER

WALTER J. KRASNIEWSKI, Bankruptcy Judge.

This matter came on to be heard upon the Debtors' (Plaintiffs) complaint to avoid a lien pursuant to 11 U.S.C., § 522(f). The sole determinative issue is whether the renewal or refinancing of the Debtors' obligation under a previous transaction creating a purchase money security interest had the effect of destroying the purchase money character of the Defendant's security interest thereby...

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