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IN RE SALAWAY

Bankruptcy No. 90-80171.

126 B.R. 58 (1991)

In re Gerald R. SALAWAY, d/b/a Salaway Insurance Agency, Debtor.

United States Bankruptcy Court, C.D. Illinois.

April 12, 1991.

Attorney(s) appearing for the Case

Christopher Kanthak, Monmouth, Ill., for debtor.

Charles E. Covey, Peoria, Ill., trustee.

Jane Pratt, Monmouth, Ill., Michael A. Fleming, Peoria, Ill., for Margery Salaway.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

On January 8, 1988, the Debtor sold his property and casualty insurance business to the R.A. Reynolds Agency, Inc. (REYNOLDS) for $36,600.00. On or before January 29, 1988, $20,000.00 was paid and an additional principal payment of $8,500.00 plus $1,575.00 for interest was paid on January 10, 1989. The final principal payment of $9,100.00 and $819.00 for interest...

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