The Baby Otter Swimming School operates in Palm Beach County, Broward County. Complaints from the main client companies. Bank United says the owners owe a lot of money.
BY: STAFF REPORT | BocaNewsNow.com
PALM BEACH COUNTY, FL (BocaNewsNow.com) (Copyright Â© 2021 MetroDesk Media, LLC) – A Palm Beach County swim school is underwater – it owes Bank United at least $ 43,000.
In a lawsuit just filed in Palm Beach County Circuit Court, Bank United alleges that “Baby Otter Swim School, Inc.” entered into a $ 50,000 loan agreement in September 2019. But owners Marlene Bloom and Mindy York apparently only repaid $ 7,000 of the principle. The loan – in full – was due to be repaid by September 2020.
According to the filing: âThe defendant, Baby Otter Swim School, Inc., a Florida company, defaulted on the promissory note and other loan documents by failing to pay the payments when due (the ) September 6, 2020, and all of the above-mentioned loan document obligations have been missed, expedited and demanded by Bank United. No written request is required by the terms of the loan documents, but was issued and sent on April 12, 2021 and has not received a response. “
The attorneys also wrote: âPlaintiff Bank United demands the full amount owing of the principal sum of $ 43,000, interest at a default rate of 18%, plus all attorneys’ fees incurred and costs incurred, and declares that the same is immediately due and payable. . “
Baby Otter, on its website, advertises both personal lessons at your home and lessons that are said to have been provided at hotels and resorts, including Marriott, Club Med, Westin Hotels, Westgate Resorts. The school says its ‘Turn, Kick Reach’ approach is ‘the most effective teaching methodology today’.
Read the full lawsuit below. If the repository does not appear, use it to access it.
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