PITTSBURGH – A finance company based in Texas is seeking to recover allegedly outstanding loan funds it issued to a Western Pennsylvania defendant in 2006.

Collins Asset Group, LLC of Austin, Texas, filed suit in the Allegheny County Court of Common Pleas on Jan. 17 versus Gary Woulard of Coraopolis.

On March 22, 2006, the defendant executed a promissory note and loan in the amount of $46,080, due to begin being paid on Dec. 1, 2006 and finalizing payment on March 27, 2031, the suit says. The promissory note was subsequently assigned to the plaintiff on May 13, 2016 and it sent a notice of intent to accelerate and right to cure default within 30 days to the defendants on Aug. 15, 2016, the suit says.

But due to the defendant allegedly not reconciling the default, the plaintiff accelerated all future principal due, as was its right, and there remains due and owing on the $40,911.12, plus additional fees and costs incurred in bringing the instant action forward.

For breach of note, the plaintiff is seeking damages of $40,911.12, attorneys’ fees, costs and all such further relief as the Court may deem to be fair, just or equitable.

The plaintiff is represented by Demetrios H. Tsarouhis of Tsarouhis Law Group, in Allentown.

Allegheny County Court of Common Pleas case GD-18-000825

From the Pennsylvania Record: Reach Courts Reporter Nicholas Malfitano at nickpennrecord@gmail.com

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