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MATTER OF HITTS

Bankruptcy No. HG 81-01836, Adv. No. 81-01018.

21 B.R. 158 (1982)

In the Matter of Jack L. HITTS, Sr., Yvonne C. Hitts, Debtors/Plaintiff. General Finance Corporation, Defendants.

United States Bankruptcy Court, W.D. Michigan.

June 15, 1982.

Attorney(s) appearing for the Case

Steven Carpenter, Grand Rapids, Mich., for debtors.

James Booth Burr, Jr., Grand Rapids, Mich., for creditor.

OPINION RE: SECURITY AGREEMENT NONPOSSESSORY, NONPURCHASE-MONEY SECURITY INTEREST

LAURENCE E. HOWARD, Bankruptcy Judge.

In this adversary proceedings, Jack L. Hitts, Sr. and Yvonne C. Hitts, Debtor-Plaintiffs, seek to set aside a nonpossessory, nonpurchase-money security interest pursuant to 11 U.S.C. Section 522(f).1 The Hitts entered into a series of lending transactions with defendant...

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