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UNITED STATES v. SECURITY PACIFIC FINANCE CO.

704 F.2d 142 (1983)

UNITED STATES of America, Appellant, v. SECURITY PACIFIC FINANCE COMPANY, Appellee. In re Clifton L. ANDREWS, Debtor. UNITED STATES of America, Appellant, v. ASSOCIATES FINANCIAL SERVICES COMPANY OF VIRGINIA, Appellee. In re Deborah Ann Small PALAIMO, Debtor.

United States Court of Appeals, Fourth Circuit.

Decided April 14, 1983.

Attorney(s) appearing for the Case

Barbara G. O'Connor, Washington, D.C. (Richard L. Levine, Director and Counsel, Executive Office for United States Trustees, Dept. of Justice, Washington, D.C., on brief), for appellant.

George H. Heilig, Jr. (Rixey, Heilig & McKenry, Norfolk, Va., on brief), for appellees.

Before SPROUSE and ERVIN, Circuit Judges, and FIELD, Senior Circuit Judge.

PER CURIAM:

These cases involve small loan company creditors who acquired non-possessory, non-purchase money security interests from debtors before the passage of the Bankruptcy Reform Act of 1978, Pub.L. No. 95-598, 92 Stat. 2549 ("the 1978 Act"). The debtors subsequently instituted bankruptcy proceedings and sought to claim exemptions for the assets involved and to avoid these security interests under 11 U.S.C. § 522(f)(2). The creditors responded that the...

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