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IN RE ALLRED

Bankruptcy No. S-84-00010-5.

45 B.R. 676 (1985)

In re Jimmy Lee ALLRED, Jr., SS#: 261-94-4409, Theresa Ann Merck Allred, SS#: 251-98-9818, Debtors.

United States Bankruptcy Court, E.D. North Carolina.

January 11, 1985.

Attorney(s) appearing for the Case

Terri L. Gardner, Raleigh, N.C., for debtors.

Dillard M. Powell, Cary, N.C., for BB & T.

Trawick H. Stubbs, Jr., New Bern, N.C., Trustee.

MEMORANDUM OPINION AND ORDER

A. THOMAS SMALL, Bankruptcy Judge.

The matter before the court is the chapter 13 debtors' motion to avoid a judicial lien pursuant to 11 U.S.C. § 522(f)(1). A hearing was held in Raleigh, North Carolina on December 12, 1984.

FACTS

The chapter 13 debtors, Jimmy Lee Allred and Theresa Ann Merck Allred, own a house in Cary, North Carolina, valued at $70,000. The balance of the first deed of trust is $45,000...

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