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IN RE ADOPTANTE

Bankruptcy No. 91-12538.

140 B.R. 940 (1992)

In re Vergel S. ADOPTANTE and Julie Adoptante, Debtors.

United States Bankruptcy Court, D. Rhode Island.

April 20, 1992.

Attorney(s) appearing for the Case

Russell D. Raskin, Raskin & Berman, Providence, R.I., for debtors.

Sherry A. Goldin, Pucci & Goldin, Inc., Providence, R.I., for AVCO Financial Services of Rhode Island, Inc.

Jason D. Monzack, Kirshenbaum & Kirshenbaum, Cranston, R.I., trustee.

DECISION AND ORDER

ARTHUR N. VOTOLATO, Bankruptcy Judge.

Heard on January 30, 1992, pursuant to 11 U.S.C. § 522(f)(2)(A),1 on the motion of Debtors Vergel S. Adoptante and Julie Adoptante to avoid a security interest held by creditor Avco Financial Services of Rhode Island, Inc. At issue is whether refinancing of a loan secured by a purchase money security interest in household goods extinguishes the purchase money nature...

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