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MATTER OF GIFFORD

No. 81-1174.

688 F.2d 447 (1982)

In the Matter of Willis R. GIFFORD and Jacqueline M. Gifford, Bankrupts-Appellees, Appeal of THORP FINANCE CORPORATION, Creditor-Appellant. United States of America, Intervenor-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 18, 1982.

Attorney(s) appearing for the Case

Henry F. Field, Friedman & Koven, Chicago, Ill., for creditor-appellant.

Michael J. Lund, Frisch, Dudek & Slattery, Ltd., Milwaukee, Wis., for bankrupts-appellees.

John Morland, Washington, D. C., for intervenor-appellee.

Before CUMMINGS, Chief Judge, and PELL, BAUER, WOOD, CUDAHY, ESCHBACH, POSNER and COFFEY, Circuit Judges en banc.

CUMMINGS, Chief Judge.

This is an appeal from an order of a three-judge bankruptcy court that relied on 11 U.S.C. § 522(f)(2)(A) to discharge Thorp Finance Corporation's nonpossessory, nonpurchase-money security interest in various household goods owned by Mr. and Mrs. Gifford. Thorp's security interest attached to the household goods one month before Section 522(f) of the Bankruptcy Reform Act of 1978 was enacted, raising the issues of whether Section 522(f...

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