IN RE SNIPES

Bankruptcy No. 88-00969-C-13.

86 B.R. 1006 (1988)

In re Dale Lawrence SNIPES & Melba Darlene Snipes, Debtors.

United States Bankruptcy Court, W.D. Missouri, C.D.

June 20, 1988.


Attorney(s) appearing for the Case

Gwendolyn Froeschner, Columbia, Mo., for debtors.

Rick Fink, Kansas City, Mo., Chapter 13 Trustee.


MEMORANDUM OPINION

FRANK W. KOGER, Bankruptcy Judge.

Debtors signed a note dated August 26, 1987 giving Kentucky Finance Company a purchase money security interest (pmsi) in a sofa sleeper and two chairs in consideration for a loan of $1,227.00. On October 8, 1987, Debtors obtained an additional loan from Kentucky Finance Company for $1,296.00. These two loans were combined on February 9, 1988, evidenced by a new note and secured by the sofa sleeper, the...

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