IN RE SMALLWOOD

Bankruptcy No. 4-81-00401.

20 B.R. 699 (1982)

In re George SMALLWOOD, Sharon Smallwood, Debtors.

United States Bankruptcy Court, W.D. Kentucky.

May 10, 1982.


Attorney(s) appearing for the Case

W. Gordon Iler, Owensboro, Ky., for creditor.

Richard A. Robertson, Owensboro, Ky., for debtors.


MEMORANDUM AND ORDER

STEWART E. BLAND, Bankruptcy Judge.

This bankruptcy case comes before the Court on objection of a creditor, Kentucky Finance Company, by counsel, to the avoidance of its lien by the debtors pursuant to 11 U.S.C. § 522(f).

The issue before the Court relates to the nature or character of the interest involved —i.e., whether the interest is a purchase money security interest, and as such is not subject to avoidance under...

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