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MATTER OF GANAKES

Bankruptcy No. 87-1268-D.

81 B.R. 518 (1988)

In the Matter of Nickolas G. GANAKES, dba Nick's Fitness Center, Debtor.

United States Bankruptcy Court, S.D. Iowa.

January 11, 1988.

Attorney(s) appearing for the Case

Rodney A. Wittkamp, Burlington, Iowa, for debtor.

D. Raymond Walton, for creditor.

Burton H. Fagan, Bettendorf, Iowa, Trustee.

ORDER ON MOTION TO AVOID LIEN

LEE M. JACKWIG, Bankruptcy Judge.

On August 8, 1987 a telephonic hearing on a resistance to motion to avoid lien filed on behalf of Standard of Beaverdale, Inc. (creditor) was held before this court in Des Moines, Iowa. The debtor filed a motion to avoid the creditor's judicial lien on the exempt homestead on June 5, 1987. The creditor resisted the motion for the reason that the debtor has no equity in the property and therefore...

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