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IN RE SHERMAN

Bankruptcy No. 87-00134-MO4.

126 B.R. 684 (1987)

In re Timothy Ray SHERMAN, Gail N. Sherman, Debtors.

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

July 10, 1987.

Attorney(s) appearing for the Case

Algernon L. Butler, Wilmington, N.C., for debtors.

Richard Stearns, Kinston, N.C., Chapter 7 Trustee.

Robert Bowers, New Bern, N.C., for creditor.

MEMORANDUM OPINION AND ORDER

THOMAS M. MOORE, Chief Judge.

This matter is before the court on the motion to avoid lien and for redemption filed by the debtors on February 18, 1987, and on the countermotion to lift the stay filed by Snap-On-Tools on March 4, 1987. The debtors seek to avoid the lien of Snap-On-Tools Corporation on certain tools purchased from Snap-On-Tools and Snap-On-Tools seeks to lift the stay as to those tools.

The debtors contend...

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