MATTER OF BERGE

Bankruptcy No. MM11-82-00953.

32 B.R. 370 (1983)

In the Matter of Phillip Lester BERGE and Betty Jo Berge, d/b/a Adams Farm, Blue Top Farm, Newell Farm, Swiontek Farm and Ponderosa Farm, Debtors.

United States Bankruptcy Court, W.D. Wisconsin.

August 23, 1983.


Attorney(s) appearing for the Case

Michael P. Erhard, Madison, Wis., for creditor Baldwin-United Leasing Co.

John D. Center, Jay D. Koritzinsky, Madison, Wis., for debtors.


MEMORANDUM DECISION DENYING SUMMARY JUDGMENT

ROBERT D. MARTIN, Bankruptcy Judge.

About a year prior to their filing a chapter 11 petition, the debtors in this case entered into three separate equipment leases with Baldwin-United Leasing Company. Under these leases the lessees have the option of purchasing the subject equipment (irrigation machinery and grain bins with dryers) for its "fair market value" as of the date of expiration of each lease. The lessees...

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