Madison - St. Clair Record

Friday, August 23, 2019

ACJK allegedly defaulted on loan


By Angelica Saylo Pilo | Jul 3, 2018

EDWARDSVILLE – A lender alleges a Granite City entity defaulted on a loan.

FC Marketplace LLC filed a complaint on June 21 in the Madison County Circuit Court against ACJK Inc., Albert Pelate and Cheryl Pelate, alleging failure to pay.

According to the complaint, the plaintiff alleges that on July 12, 2017, the plaintiff financed a loan to ACJK and the Pelates personally guaranteed it. The plaintiff alleges the defendants defaulted on the loan in May.

FC Marketplace alleges that despite numerous demands for payments, the defendants failed and refused to do so.

The plaintiff seeks judgment against the defendants, jointly and severally, in the amount of $365,230.21, attorney fees, costs and expenses. 

It is represented by Kenneth R. McEvoy of Kenneth R. McEvoy Law Firm in Ottawa.

Madison County Circuit Court case number 18-L-818

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Kenneth R. McEvoy Law Firm Madison County Circuit Court

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