You are here

In re Breidert (Case No. 07-62329) 04/16/2008

The matter before the Court is the debtor's motion to avoid a judgment lien.  The debtor scheduled her real property at a fair market value of $127,100.  The real property secures a consensual lien in the amount of $62,156.07.  The Debtor claimed an exemption of $1,370.  There is a judgment lien in the amount of $15,388.80 that attached to the real property.  Added together, the judgment lien, the consensual lien, and the exemption total $78,914.87 ( = $15,488.80 + $62,156.07 + $1,370).  This amount is less than the scheduled value of the property, which is $127,100.  Therefore, because the judgment lien does not impair the debtor’s exemption, the Court denied the debtor’s motion to avoid the lien.

Date: 
Wednesday, April 16, 2008
Category: 
Lien Avoidance
Chapter: 
13