OPINION
EMIL F. GOLDHABER, Chief Judge:
The matter on point is whether a purchase-money security interest loses its character as such for purposes of lien avoidance under 11 U.S.C. § 522(f) of the Bankruptcy Code ("the Code"), when the debtor and the creditor effect a novation of the loan agreement. Based largely on binding authority from the Court of Appeals, we conclude that the novation does not destroy the purchase-money nature of the security interest...
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