MATTER OF PATCH GRAPHICS

Bankruptcy No. MM11-82-01233.

32 B.R. 373 (1983)

In the Matter of PATCH GRAPHICS, Debtor.

United States Bankruptcy Court, W.D. Wisconsin.

August 23, 1983.


Attorney(s) appearing for the Case

Jerry McAdow, Madison, Wis., for debtor.

William Rameker, Madison, Wis., for debtor.

Charles Center, Madison, Wis., for creditor John L. Atwood.


MEMORANDUM DECISION

ROBERT D. MARTIN, Bankruptcy Judge.

Debtor, Patch Graphics, is the vendee on a Wisconsin land contract. The subject real estate was appraised in January 1981 at a fair market value of about $635,000.00 and is appreciating at about 4% per year. The balance due the vendor as of August 1, 1983 is $316,034.20, representing $308,759.60 in principal and $7,274.60 in matured interest. Monthly payments on the land contract, in the amount of ...

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