Bankruptcy Judge Sends a Message to Bank of America [1]
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By Peg Brickley
- 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.”