IN RE WATSON

No. 02-14759/JHW.

286 B.R. 594 (2002)

In the matter of Valerie WATSON, Debtor.

United States Bankruptcy Court, D. New Jersey.

October 30, 2002.


Attorney(s) appearing for the Case

Andrew B. Altenburg, Jr., Esq., Marlton, NJ, for South Jersey Federal Credit Union.

Morton Feldman, Esq., Atlantic City, NJ, for the Debtor.


OPINION

JUDITH H. WIZMUR, Bankruptcy Judge.

In this Chapter 7 case, we must determine the validity of cross-collateralization provisions by which the South Jersey Federal Credit Union ("Credit Union") seeks to collateralize unsecured advances to the debtor with collateral given by the debtor in connection with a secured loan.

FACTS

The debtor, a member of the Credit Union since 1985...

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