Edwardsville asbestos attorney Barry Julian’s lawsuit alleging a couple failed to make payments in accordance with a promissory note for Alton property has settled the claim for close to $45,000.
The consent judgment was entered on Oct. 6 after the parties agreed to settle for $42,840.04 plus 7.5 percent interest and court costs.
Defendants Aaron and Sarah Hutson and Hutson and Associates are ordered to pay the amount in four equal installments in the amount of $11,250.
Julian filed the lawsuit against the couple and their business, an engineering and land surveying business, on Aug. 28.
The suit claims the parties entered into a contract for sale of the property located at 3555 College Ave. in Alton on March 9, 2009. Under the terms of the note, the defendants promised to pay $100,000 plus 7.5 percent interest per annum on the part of the outstanding principal and interest that was not paid, the suit states.
Julian claimed the defendants agreed to pay $2,043.87 per month beginning in April 2009.
He alleged the defendants have breached contract and still owe $42,840.04 in principal, as well as interest. He further claims they have only made one payment since Nov. 16, 2012.
Gail G. Renshaw, III, of Gori Julian & Associates in Edwardsville represented the plaintiff.
No attorneys were listed for the defendants.
Madison County Circuit Court case number 14-L-1190