In re Patterson

Ruling: 
Debtor could avoid lien on homestead property purchased with equity from former marital residence.
Procedural posture: 
Debtor filed a petition under chapter 7 of the Bankruptcy Code and sought a determination that he was allowed under 11 U.S.C.S. § 522(f) to avoid a lien which a bank placed on real property he owned. The bank filed an objection to the debtor's motion and also objected to a homestead exemption the debtor claimed under Vermont law.
Issue: 
ABI Membership is required to access the full summary of In re Patterson. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on November 13,2012, LexisNexis #1212-012