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IN RE NILES

Bankruptcy No. 86 B 296.

72 B.R. 84 (1987)

In re Daniel NILES & Peggy Niles, Debtors.

United States Bankruptcy Court, N.D. Illinois, E.D.

March 30, 1987.

Attorney(s) appearing for the Case

Leonard M. Groupe, Chicago, Ill., for Daniel and Peggy Niles.

Lawrence Friedman, Chicago, Ill., for Associates Finance Inc.

MEMORANDUM AND ORDER

JOHN D. SCHWARTZ, Bankruptcy Judge.

This matter is before the Court on the motion of Daniel G. Niles and Peggy L. Niles ("Debtors") to avoid a lien pursuant to § 522(f) of the Bankruptcy Code (11 U.S.C. § 101 et seq. (1986)).

Prior to filing a petition for relief under Chapter 13 of the Bankruptcy Code the Debtors borrowed $7,227.87 from Associates Finance Inc., ("Associates"). As security for the loan, Associates...

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