Bank of America Bank Account Or Service Complaint

Bank of America Bank account or service department,

Other bank product/service Account opening, closing, or management Florida

In - Bank of America gave us a line of credit. During the recession - we started to draw funds from the line of credit. When the amount drawn totaled $72000.00, Bank of American withdrew the facilities and demanded payment of the balance. We were unable to meet the demand. -/-/-, Bank of America obtain a Judgment of $97000.00 against - parties. On - -, - we offered through the Bank attorney 's office to settle the judgment in full for $40000.00. We made the payment of $40000.00 and received an acknowledgement that the payment was for full settlement. The Bank accepted the offer and instructed their attorney to draft settlement documents and the release of all parties. Two weeks later the bank reneged on the agreement. They stated they would change the terms for the agreement they had previously given their consent. They now will give partial release for only - of the - parties. We stated that they can not change the terms of an agreement after they had accepted $40000.00 check for settlement. Nevertheless Bank of America proceeded to change the agreement and insisted that we sign a statement confirming that we had willingly and voluntarily accepted the violations to accept that partial release the bank again insisted that we sign a document require us to abandon all legal rights. We advised the bank through their attorney 's office that these documents were signed under duress. On -/-/- Bank of America sent us a demand notice demanding $66000.00 as final payment of the agreement they violated.