 Posted: Fri 20:18, 22 Nov 2013 Post subject: 000 from the group |
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| Bank slashes Mary J. Blige foundation's debt by more than half
LOS ANGELES,[url=http://www.christianelouboutinoutlet.com]Louboutin Outlet[/url], Sept. 28 () -- TD Bank has written off more than half of $322,000 owed by U.S. singer Mary J. Blige and record executive Steve Stoute's charitable group, TMZ reported.In a settlement with the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women, TD Bank agreed to accept a payment of $125,000 from the group, slashing the debt by nearly $200,000, legal documents indicate.The bank sued the foundation last year after the group defaulted on a $250,000 loan, TMZ reported.The charity said TD Bank should have known the group's finances were troubled.As part of the settlement, the foundation will immediately pay the bank $15,[url=http://www.christianslouboutinsales.com]Christian Louboutin Sale[/url],000 and then make 12 payments of $9,166. |
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