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IN RE MENELL

Bankruptcy No. 92-37288.

160 B.R. 524 (1993)

In re Paul MENELL, Debtor.

United States Bankruptcy Court, D. New Jersey.

November 8, 1993.

Attorney(s) appearing for the Case

Savanna Mapelli, Teich, Groh and Frost, Trenton, NJ, for debtor.

Dean C. Waldt, Davis, Reberkenny & Abromowitz, Cherry Hill, NJ, for the First Nat. Bank of Boston.

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

Debtor Paul Menell filed a motion to avoid the judicial liens of First National Bank of Boston ("FNB") and Key Bank1 under section 522(f)(1) of title 11 of the United States Code ("Bankruptcy Code" or "Code"). The debtor claims an exemption of $7500 in his residential property, which is valued at $112,500 and encumbered by...

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