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MATTER OF SKYLAND, INC.

Bankruptcy No. HG 82 00926.

31 B.R. 920 (1983)

In the Matter of SKYLAND, INC., Debtor.

United States Bankruptcy Court, W.D. Michigan.

July 27, 1983.

Attorney(s) appearing for the Case

Geoffrey L. Gillis, Grand Rapids, Mich., for debtor.

Stephen M. Tuuk, Grand Rapids, Mich., for Union Oil Co.

Timothy Curtin, Grand Rapids, Mich., for trustee.

Gordon Forell, Grand Rapids, Mich., trustee.

OPINION

USURY TIME PRICE DIFFERENTIAL

LAURENCE E. HOWARD, Bankruptcy Judge.

This matter is before the court on the debtor's objection to a claim filed by Union Oil Company. Union Oil has claimed $119,405.65 is due for various credit card purchases of oil and gasoline products. This amount includes $9,421.75 in finance charges for late payments. The debtor has objected to the finance charges as being usurious under Michigan Law. Pursuant to M.S...

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