MEMORANDUM DECISION
ROBERT D. MARTIN, Bankruptcy Judge.
Plaintiffs-debtors, Philip and Betty Jo Berge ("the Berges") own a farm known as the Newell farm as tenants in common with Gordon and Ruth Stenoien ("the Stenoiens"). The Stenoiens hold an 85% interest in Value Enterprises, Ltd. ("VEL"), the defendant. On March 19, 1981, the Berges and VEL entered into a loan agreement drawn up by VEL pursuant to which VEL loaned the Berges $250,000 at 20% interest...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
