IN RE ZABEL

Bankruptcy No. 95-20532-JES, Adversary No. 99-2262.

249 B.R. 764 (2000)

In re Carlton ZABEL and Diane Zabel, Debtors. Carlton Zabel and Diane Zabel, Plaintiffs, v. Schroeder Oil, Inc., Defendant.

United States Bankruptcy Court, E.D. Wisconsin.

May 12, 2000.


Attorney(s) appearing for the Case

George B. Goyke, Wausau, WI, for Plaintiffs.

James B. Connell, Wausau, WI, for Defendant.


DECISION

JAMES E. SHAPIRO, Chief Judge.

This controversy stems from a $20,000 payment made to the defendant. Schroeder Oil, Inc., in June of 1999 from the sale proceeds of certain real estate owned by the plaintiffs (hereafter "debtors"). This was done in exchange for a release by Schroeder Oil of a junior mortgage which it held against the real estate and which was recorded in 1984. The $20,000 payment was made approximately 3½ years after...

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