Altman-Charter sues over unpaid loan
A St. Louis County construction company is suing two people from Westmont who allegedly refused to pay back a loan.
Altman-Charter Company filed a lawsuit Feb. 22 in Madison County Circuit Court against Lewis Borsellino and Kimberley Westerkamp.
According to the complaint, Borsellino and Westerkamp borrowed more than $240,000 from Altman-Charter in January 2009 and agreed to pay it back at 8 percent interest. Altman-Charter also says the borrowers agreed the loan would be paid in full by September 2009 or the interest rate would jump to 14 percent on the remaining balance.
Altman-Charter claims Borsellino and Westerkamp have defaulted in their payments and, as of September 2011, still owed more than $164,000. The company asks to be paid the balance in full plus interest and court fees.
Attorney Mark C. Goldenberg of Edwardsville is representing Altman-Charter.
Madison County Circuit Court Case No. 12-L-234