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IN RE McMASTER

Bankruptcy No. 85-00186E, Motion No. 85-120E.

55 B.R. 379 (1985)

In re Chris B. McMASTER and Katharine D. McMaster, his spouse, individually and doing business as Temple Creek Livestock, Debtors.

United States Bankruptcy Court W.D. Pennsylvania.

November 22, 1985.

Attorney(s) appearing for the Case

Robert W. Parker, Erie, Pa., for debtors.

James D. McNamara, Erie, Pa., Trustee.

Bruce Johnson, Meadville, Pa., for Mattocks Five, Inc.

MEMORANDUM OPINION AND ORDER

WARREN W. BENTZ, Bankruptcy Judge.

The Debtors have filed a Motion to Subordinate and/or Avoid Liens Impairing Exemption Claims. A hearing has been held and the only issue appears to be the value of the farm residence of the Debtors. If the property has a value less than $50,530.39 (which is the total of the first mortgage, the second mortgage, and Debtors' $7,500 in claimed exemption rights), then there is no equity for subsequent...

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