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MATTER OF SWANSON

Bankruptcy No. 81-0233.

13 B.R. 851 (1981)

In the Matter of Steven Jay SWANSON, Lujean Swanson, Debtors. ASSOCIATES FINANCIAL SERVICES, an Idaho corporation, Plaintiff and Counter-Defendant Upon Removal, v. Steven Ray SWANSON and Lujean Swanson, husband and wife, Defendants and Counter-Plaintiffs on Removal.

United States Bankruptcy Court, D. Idaho.

September 1, 1981.

Attorney(s) appearing for the Case

Douglas R. Nelson, Sharp, Anderson, Bush & Nelson, Idaho Falls, Idaho, for Associates Financial Services.

John M. Bybee, Idaho Falls, Idaho, for the Swansons.

MEMORANDUM DECISION

M.S. YOUNG, Bankruptcy Judge.

In May of 1979 defendants granted plaintiff a security interest in certain personal property to secure repayment of a promissory note to plaintiff. The security interest was a nonpossessory, nonpurchase money one in household furnishings and appliances. On March 10, 1980, defendants petitioned for relief under chapter 7 of the Bankruptcy Code. Defendants claimed an exemption on the property and it was allowed...

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