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IN RE NORTHERN
United States Bankruptcy Court, E.D. Tennessee.
Jun 4, 2003
ORDER
RICHARD STAIR, JR., Chief Judge, Bankruptcy
For the reasons stated in the Memorandum on Motion to Avoid Lien filed this date, the court directs the following:
1. The Motion to Avoid Alleged Lien filed by the Debtors on March 4, 2003, seeking to avoid the $26,972.59 judicial lien asserted by Colonial Loan Association, Inc., is GRANTED in part and DENIED in part.
2. Pursuant to 11 U.S.C.A. § 522(f)(1)(A) (West Supp. 2003), Colonial Association, Inc.'s judicial lien encumbering the Debtors' homestead at 8321 Chauvin Lane, Corryton, Tennessee, is avoided to the extent of $15,261.48. The remaining $11,711.11 of Colonial Loan Association, Inc.'s judicial lien remains an encumbrance against the Debtors' homestead.
SO ORDERED.
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