Sunday, April 08, 2012

Bank Of America Tell Congressman To Pay Up

Emanuel Cleaver hasn't bothered to pay back a business loan. He must really miss the House Bank.
U.S. Rep. Emanuel Cleaver's car wash headache is raging once again.

The bank that loaned the Kansas City congressman and his wife $1.3 million in 2002 to buy the Grandview Auto Wash at 12204 Blue Ridge Extension is now demanding payment of more than $1.5 million, after the Cleavers repeatedly fell behind on repaying the loan.

The suit, filed last week in Jackson County Circuit Court, said the demand for repayment came after three attempts to delay foreclosure. Bank of America also is seeking attorney’s fees and a receiver to protect collateral.

“The Cleaver Company failed and refused, and continues to fail and refuse, to pay the outstanding obligations due and owing … under the note and other loan documents,” the lawsuit said.
It's hardly a wonder that he's desperately seeking a distraction.


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