Oseen v. Walker (In Re Oseen)

MEMORANDUM OF DECISION

JIM D. PAPPAS, Bankruptcy Judge. BACKGROUND AND FACTS.

This adversary proceeding was submitted to the Court for decision on stipulated facts. Plaintiff, the debtor in a Chapter 13 case, and Defendant were formerly partners in a telemarketing publications business. In March, 1989, after a dispute between the parties over the business, they entered into a written agreement to dissolve the partnership. In the contract, Defendant agreed to purchase all of Plaintiff’s interest in the business in consideration of a payment, in cash, of $64,000 to both Plaintiff and on his…