According to a filing in the U.S. District Court for the Eastern District of Louisiana, People’s United Equipment Finance filed a lawsuit against AJ’s Truck Service alleging breach of contract and unpaid debt.
According to the complaint, People’s United alleges AJ’s Truck Service has failed and refused to make the required payments and failed and refused to surrender and return the equipment. The defendant is indebted to the plaintiff under a promissory note in the original amount of $511,380, dated January 29, 2016, the unpaid balance of which is $481,237 as of August 15, 2016.
People’s United is seeking a trial by jury, an order directing the sheriff to seize and sell the un-returned equipment, the contractual amount of $481,237, plus interest, attorney fees, cost of court and all other relief to which it is justly entitled.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!