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Patrick Douglas & Jarolyn Kay Crouse, Ch. 11, BK86-3206

Under the circumstances, land contracts to be transferred as partial payment of certain claims should be valued at their face value. Wichmann should not be applied when the resulting discount rate would be lower than the rate proposed by either party

Date: 
Tuesday, October 20, 1987
Judge: 
Judge Timothy J. Mahoney (Retired)