Wood Furnace Company Ordered to Repay Loan

By: Associated Press Email
By: Associated Press Email

A Gage County judge has ordered the owners of a defunct outdoor wood furnace company to repay part of a loan given the company by the village of Filley.

District Judge Daniel Bryan Jr. issued partial summary judgment in the case on Tuesday, ordering Mark and Kathy Setzer to repay part of the nearly $116,500 loan. The order does not say how much of that loan the Setzers must repay.

The Setzers had owned HeatSource1, which stopped operating in August and filed for bankruptcy in September.

The village of Filley sued in November, saying it delivered a signed promissory note to the company for $236,440. The lawsuit says HeatSource1 failed to make the mandatory scheduled payments and still owes the $116,500, plus interest.

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