BECKLEY – A bank alleges a Raleigh County business defaulted on a loan.
Summit Community Bank filed a complaint in Raleigh Circuit Court against Laxton's Heating, Cooling and Electrical Inc. and Michael D. Laxton II alleging failure to pay.
The suit states that Laxton's Heating, Cooling and Electrical signed a promissory note for the balance of $150,000 in March 2015 that was guaranteed by Laxton. The plaintiff alleges the defendants have defaulted under the terms of the note and are now indebted to the plaintiff for the balance of $181,055.14.
The plaintiff is seeking all reasonable sums due, attorney fees and court costs. The plaintiff is represented by A. David Abrams of Abrams & Byron in Beckley.
The case has been assigned to Circuit Judge Andrew Dimlich.
Raleigh Circuit Court Case number 19-C-161