Bartlett Milling Co., LP v. Walnut Grove Auction and Realty Co., Inc.

JACKSON, Judge.

Keith and Talley Stephens (“the Stephens”) owned and operated a dairy farm that failed. The Stephens had numerous creditors, including Bartlett Milling Company, L.P (“plaintiff”). On 19 July 1999, plaintiff obtained a judgment in the amount of $102,964.04, plus one and a half percent monthly interest accruing from 17 August 1998, against the Stephens for defaulting on their payment for cattle feed purchased from Bartlett.

After entry of judgment, the Stephens requested assistance from plaintiff in restructuring their finances. Plaintiff agreed to remove its judgment from the…