United States Bankruptcy Court, W.D. Wisconsin August 23, 1983, 1-19-10556 (Matter of Patch Graphics)

MEMORANDUM DECISION

ROBERT D. MARTIN, Bankruptcy Judge.

Debtor, Patch Graphics, is the vendee on a Wisconsin land contract. The subject real estate was appraised in January 1981 at a fair market value of about $635,000.00 and is appreciating at about 4% per year. The balance due the vendor as of August 1,1983 is $316,034.20, representing $308,759.60 in principal and $7,274.60 in matured interest.