Two Texas residents are being sued after allegedly failing to make payments owed to a bank.
Compass Bank filed a lawsuit May 2 in the Jefferson County Court against Scott Traylor and Daniel Phillips II.
The complaint states the defendants executed and delivered a U.S. Small Business Administration Note in the amount of $200,000 payable to the plaintiff's predecessor June 27, 2006. The note required the defendants to pay the plaintiff the full principal balance plus interest, fees and expenses in monthly installment payments, according to the complaint. The plaintiff alleges the defendants have defaulted on the note by failing to make payments and $66,076.34 plus interest and fees remains unpaid and due.
The plaintiff is seeking $66,076.34 plus interest, fees expenses and costs. Compass Bank is being represented in the case by Matthew T. Taplett of Pope, Hardwicke, Christie, Schell, Kelly & Ray LLP.
Jefferson County Court Case No. B-195658.
This is a report on a civil lawsuit filed in the Jefferson County Court. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.