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IN RE WALKINGTON

Bankruptcy Nos. HG 83 1133, HK 83 2155, Adv. Nos. H 84 0008, H 83 19.

42 B.R. 67 (1984)

In re Ronald D. WALKINGTON, Debtor. Ronald D. WALKINGTON, Plaintiff, v. PRODUCTION CREDIT ASSOCIATION, Defendant. In re John ANGLIN, Debtor. John ANGLIN, Plaintiff, v. HOUSEHOLD FINANCE CORPORATION, Defendant.

United States Bankruptcy Court, W.D. Michigan.

June 15, 1984.

Attorney(s) appearing for the Case

Roland F. Rhead, Lansing, Mich., for debtor/plaintiff Walkington.

Peter A. Teholiz, Lansing, Mich., for defendant Production Credit Ass'n.

Daryl J. Mumford, Battle Creek, Mich., for debtor/plaintiff Anglin.

Robert J. Moser, Kalamazoo, Mich., for defendant Household Finance Corp.

OPINION

LAURENCE E. HOWARD, Bankruptcy Judge.

Novation of Loan and Security Agreements

Tool of the Trade Exemption and Lien Avoidance

Applicability of § 522(d)(5) Exemptions For Purpose of Lien Avoidance

Both cases presently before the Court for decision raise the same issues as to what constitutes a tool of the debtor's trade under § 522(f)(2)(B) and the applicability of the "spillover" exemption under § 522...

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