Nashville Business Journal-
Charlotte, N.C.-based Bank of America (NYSE: BAC) has dropped its legal attack on Nashville’s Chapter 13 bankruptcy trustee.
Earlier this year, as part of a consumer bankruptcy proceeding, Bank of America became the first lender to sue a Tennessee trustee of the court.
In an agreement filed Thursday, Bank of America worked out a deal directly with the debtors — dropping accusations that Chapter 13 trustee Henry “Hank” Hildebrand wasn’t dispersing money appropriately.
“They decided they would dismiss the lawsuit, pay my attorney fess and they apologized,” Hildebrand said.