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IN RE SMILEY

Bankruptcy No. 8700302.

84 B.R. 6 (1988)

In re Barry SMILEY and Joan A. Smiley, Debtors. Barry SMILEY and Joan A. Smiley, Plaintiffs, v. FELDMAN FURNITURE COMPANY, Defendant.

United States Bankruptcy Court, D. Rhode Island.

February 19, 1988.

Attorney(s) appearing for the Case

Robert J. Ameen, Pawtucket, R.I., for debtors.

Michael B. Mellion, Gates, Mellion, Moore & Berren, Providence, R.I., for Feldman Furniture Co.

AMENDED DECISION

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Submitted on memoranda on October 29, 1987, on the debtors' motion to avoid a nonpossessory, nonpurchase money security interest in personal property, pursuant to 11 U.S.C. § 522(f).1 The defendant, Feldman Furniture Company, objects.

The relevant facts, which are not disputed, are as follows. On November 14, 1984, the Smileys entered into a retail installment...

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