Financial group alleges couple owes nearly $53,000

By Carrie Bradon | Mar 9, 2017

GRETNA – A financial group is suing promissory note customers, alleging they owe more than $50,000.

Wilmington Trust National Association, solely as trustee of MFRA Trust 2015-2, filed a suit March 8 against Karen Magruder Cade and William J. Cade Jr. in 24th Judicial District Court, alleging sums due.

According to the claim, Wilmington Trust is the holder of a promissory note for the sum of $63,500. The suit states the Cades have failed to pay off the monthly payments as required and are is still indebted to the plaintiff for the balance of $52,494.63, plus interest.

Wilmington Trust seeks all sums due and court costs. It is represented by attorney Jason R. Smith of Dean Morris LLC in Monroe.

The case has been assigned to Division C Judge June Berry Darensburg.

24th Judicial District Court Case number 769682.

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