-4-
bankruptcy under chapter 7 of the Bankruptcy Code if they could
not compromise the farm loans. Cooks Farms cooperated with the
Agriculture Department in the liquidation process. Most of the
delinquent farm loans remained unpaid when the Agriculture
Department finished liquidating Cook Farms’ assets around 1986.
B. Stephanie Jane Hauge
Petitioner earned a master’s degree in school administration
and education and held various full-time positions in the local
school system from 1976 through 1987. Petitioner began attending
law school in 1987 and received a law degree in 1990.
Petitioner met Owen’s son Bob in the summer of 1981.
Petitioner and Bob began living together in 1981 and were married
in 2001.
C. Formation of OMCC, Owen’s Transfers of Assets to Petitioner,
and Petitioner’s Real Estate Purchases
On August 30, 1981, Owen and petitioner formed OMCC as a
general partnership to produce grass seed. Owen and petitioner
each held a 50-percent interest in OMCC. Owen had many years of
farming experience, and petitioner handled administrative,
record-keeping, and personnel matters. OMCC’s articles of
co-partnership provided that, if Owen or petitioner died, his or
her interest in the partnership would become the sole property of
the surviving partner. Bob and Byron have been employees of OMCC
since 1982.
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