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Seller Account ID: 14870
Seller: rmail828

PROM NOTE DEFAULT

$33,000.00

Relationship: Original Judgment Creditor
Looking to close this chapter by selling
Description: Debtor purchased a 40 year old existing business with borrowed funds from seller; over five years he misused funds and defaulted on the prom note. The business closed.
State: LA
County:
Courthouse: CIVIL DISTRICT COURT FOR THE PARISH OF ORLEANS
Case Number: 2018-10819
Judgment Amount: $110,330.00
Post Judgment Interest Rate: 15.00%
Compounded Interest: No
Date Awarded: 08/26/2020
Statute of Limitations: 10 Years
Attorney On Record: MICHAEL DODSON
Number of Debtors:1
Debtor's Name: MICHAEL T LAUGHLIN SR
Debtor Type: Individual
Default Judgment: No
Cause of Action that led to judgment: Contracts
Declared Bankruptcy: No
Will Provide SSN or tax ID: Yes
Will Sign Assignment of Judgment If Sold: Yes
Will Sign Substitution of Attorney If Sold: Yes
Collection Agency: No

Judgment Sold in the Past: No
Active Wage Garnishment: No
Payments to Satisfy Judgment Received: No