Company sues to recover $300,000 note

Kelly Holleran Jun. 8, 2010, 10:43am

A Jefferson County business claims two residents owe it more than $300,000 after defaulting on a promissory note.

Marblecrafters filed a lawsuit May 28 in Jefferson County District Court against Timothy and Linda Bayless.

Marblecrafters claims the Baylesses acted as guarantors on a $400,000 promissory note executed by Long-Bayless Enterprises.

Since then, Long-Bayless defaulted on the note, so Marblecrafters demanded the money from the couple, who have refused to reimburse the company, according to the complaint.

"To date, the principal balance of $361,362.65 plus interest is due and owing to Plaintiff by the Defendants," the suit states.

In addition to the money it says the Baylesses owe it, Marblecrafters seeks pre- and post-judgment interest at the maximum legal rate, attorneys' fees, costs and other relief to which it may be entitled.

Wyatt D. Snider, Jason M. Byrd, Justin G. Sanderson and Russell W. Heald of Snider and Byrd will be representing it.

The case has been assigned to Judge Donald Floyd, 172nd District Court.

Jefferson County District Court case number: E186-963.

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