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IN RE REITZ

No. 86 C 3571.

69 B.R. 192 (1986)

In re Duwayne M. REITZ and Kathryn H. Reitz, Debtor. LEVERAGE LEASING CORP., Plaintiff-Appellee, v. Duwayne M. REITZ and Kathryn H. Reitz, Defendants-Appellants.

United States District Court, N.D. Illinois, E.D.

December 12, 1986.

Attorney(s) appearing for the Case

Michael H. Moirano, Joyce & Kubasiak, Chicago, Ill., for plaintiff-appellee.

Jeffrey Strange, Wilmette, Ill., for defendants-appellants.

MEMORANDUM OPINION AND ORDER

PLUNKETT, District Judge.

Background

In or about February 1982, DuWayne Reitz ("Reitz") answered a newspaper advertisement placed by Levy International Financial Enterprises, Inc. ("Levy") to inquire about the purchase of video games. Reitz decided to purchase a package from Levy costing $85,000. Leverage Leasing Corp. ("Leverage"), which had experience in financing purchases by Levy customers, agreed to finance...

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