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(6) What are the “branch share deposits”? She then suggested
that petitioner propose a payment plan that would fully pay his
obligations over a period of less than 7 years, with annual
payments of $5-$10 thousand in addition to the $32,500 biennial
payments that petitioner had proposed, plus monthly payments.
Petitioner agreed to put together another proposal.
On March 12, 2002, petitioner faxed to Krogue a revised
installment proposal (hereinafter sometimes referred to as the
second installment proposal). Under the second installment
proposal, petitioner would pay $7,500 on September 15, 2002,
2003, and 2004, $40,000 on September 15, 2005, $7,500 on
September 16, 2006 and 2007, and another $54,500 also on
September 15, 2007.8 In addition, petitioner would pay $229 per
month, in place of the first installment proposal’s 7.5 percent
interest payments, which would have started at $812 per month.
On April 2 (Krogue’s notes) or 3 (petitioner’s notes), 2002,
petitioner and Krogue discussed the second installment proposal.
Krogue indicated she would try to get her supervisor to agree to
it if petitioner would agree to increase the monthly payments
from $229 to $350. Petitioner agreed to this change. The lump-
sum payments would be set for September 17, rather than September
15, of each year. Krogue suggested that petitioner make a
8 So stated on the stipulated copy of the second installment
proposal. It appears that the $54,500 payment was intended to be
proposed for Sept. 15, 2008.
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Last modified: March 27, 2008