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Home > Bankruptcy Judge Sends a Message to Bank of America

Bankruptcy Judge Sends a Message to Bank of America [1]

TitaniumLotus's picture

Submitted by TitaniumLotus on Mon, 10/28/2013 - 22:36

  • By Peg Brickley

OB ZE198 bofa10 E 20131004160444 Bankruptcy Judge Sends a Message to Bank of America
Chris Keane/Reuters

Bank of America [2] Corp.BAC +0.64% [3] has been ordered to pay $10,000 per month for every month it continues to badger a couple to pay off a loan that was discharged in bankruptcy, in a ruling from a prominent judge who says he means to “send a message.”

“This is not just a stupid mistake. This is a policy,” wrote Judge Robert Drain of the U.S. Bankruptcy Court in New York. “And frankly, $10,000.00 a month plus attorney’s fees may not mean much to Bank of America, but at least it will send a message that other attorneys may pick up on.”

Continue Reading… [4]


Source URL: //soundofheart.org/galacticfreepress/content/bankruptcy-judge-sends-message-bank-america

Links
[1] //soundofheart.org/galacticfreepress/content/bankruptcy-judge-sends-message-bank-america
[2] http://online.wsj.com/public/quotes/main.html?type=djn&symbol=BAC
[3] http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=BAC?mod=inlineTicker
[4] http://blogs.wsj.com/bankruptcy/2013/10/04/bankruptcy-judge-sends-a-message-to-bank-of-america/?mod=yahoo_hs