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IN RE BURKHOLDER

Bankruptcy No. 80-00303T(7), Adv. No. 80-0219.

12 B.R. 585 (1981)

In re John H. BURKHOLDER and Carol Ann Burkholder, husband and wife, jointly and individually, Debtors. John H. BURKHOLDER and Carol Ann Burkholder, Plaintiffs, v. AVCO FINANCIAL SERVICES CONSUMER DISCOUNT, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

July 17, 1981.

Attorney(s) appearing for the Case

Jacques H. Geisenberger, Jr., Lancaster, Pa., for debtors.

Norman M. Yoffe, Harrisburg, Pa., for defendant.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

This case presents for decision1 the issue of whether, pursuant to 11 U.S.C. § 522(f)(2) (1979),2 debtors may avoid a nonpossessory, nonpurchase-money security interest obtained prior to the effective date of the Bankruptcy Code. For reasons hereinafter given, we conclude debtors may avoid the lien of the security interest to the extent it impairs...

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