Madison - St. Clair Record

Tuesday, April 7, 2020

Lender alleges debtor failed to pay on trampoline park loan

By Michael Abella | Jan 10, 2017

Late 05

EDWARDSVILLE — Two lenders are suing the developer of a trampoline park for allegedly failing to make payments.

Curtis L. Skallerup and Jeffrey Rutten filed separate complaints on Dec. 27, in the Madison County Circuit Court against Michael Anderson, alleging the debtor failed to comply with his contractual obligations.

According to the complaint, the plaintiffs allege that in May and June 2016, he loaned $70,000 to Anderson to develop a trampoline park. As of Oct. 31, four months after the park opened for business, the principal amount and $5,471.53 of revenue participation remains due and owing.

The plaintiffs allege the defendant failed to make payments of the revenue participation and on the principal balance when payments became due.

The plaintiffs each request a trial by jury and seeks judgment in his favor of $70,000 for the unpaid principal balance and $5,471.53 for revenue participation, attorney's fees, costs and expenses and all other relief as the court deems just and equitable.

They are represented by Kurt S. Schroeder of Greensfelder, Hemker & Gale PC in Belleville.

Madison County Circuit Court case number 16-L-1757 and 16-L-1758

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