BECKLEY – Branch Banking & Trust Company is suing Boggs Chiropractic Center for failing to pay a debt.
Dr. Daniel A. Boggs was also named as a defendant in the suit.
On Nov. 21, 2007, Boggs entered into a promissory note with BB&T, promising to pay the principal sum of $104,000 and also entered into a line of credit promissory note promising to pay BB&T the principal sum of up to $10,000, according to a complaint filed in Raleigh Circuit Court.
BB&T claims Boggs has defaulted under the terms of the notes by failing to make all payments when due to the bank and BB&T has accelerated the loan balance due.
As of March 14, the principal balance on the first note was $71,177.41, with accrued and unpaid interest in the amount of $2,307.80 and additional fees in the amount of $1,127, for a total payoff balance of $74,612.21, according to the suit.
BB&T claims the second note has a principal balance of $3,826.44, accrued and unpaid interest in the amount of $141.20 and additional fees in the amount of $36.20, for a total of $4,003.84.
The bank is seeking judgment in the amount of $78,616.05 with pre- and post-judgment interest. It is being represented by James W. Lane Jr., Bradford P. Bury and Marc A. Rigsby of Flaherty Sensabaugh Bonasso.
Raleigh Circuit Court case number: 17-C-155