The Richmond Register

Local News

October 9, 2013

Lawsuit claims indoor soccer facility defaulted on $1.6 million loan


The owners of a Richmond recreation facility are being sued by Community Trust Bank, which claims they have defaulted on a $1.6 million loan.

Community Indoor Soccer & Recreation Inc. owes the bank $938,000 on the loan’s principal sum, and unpaid interest and fees, according to the lawsuit filed Oct. 3 in Madison Circuit Court.

The facility at 1136 Richmond Green Court is owned by Stephanie Hensley, Jerry W. Gilbert and Tammye R. Gilbert, according to the court documents. Jerry Gilbert is listed as the business’ registered agent in its 2013 annual report filed with the Kentucky secretary of state.

Built in 2004, the business has two indoor fields – one for soccer and another for softball and baseball activities – according to the Madison Indoor Recreation website.

The three owners took out a promissory note from Community Trust Bank in October 2005 for $1.6 million, the lawsuit states. The loan was secured with the business fixtures, equipment and other assets of the facility along with its 5-acre lot.

The bank is asking the court to order the owners to pay the money owed and also have the master commissioner conduct a sale of the business, according to court documents.

None of the owners have yet responded to the bank’s complaint. Defendants in civil cases typically have 30 days to file a response.

Jerry Gilbert declined to comment on the lawsuit’s allegations.

The case has been assigned to Madison Circuit Court Judge Jean C. Logue. No court dates have been scheduled yet in the suit.

Sarah Hogsed can be reached at or 624-6694.


Text Only
Local News
AP Video
Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites Anti-violence Advocate Killed, but Not Silenced. Dempsey: Putin May Light Fire and Lose Control Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

What county fair attraction do you like most?

Amusement rides
Beauty pageants
Flora Hall craft exhibits
Horse shows
Livestock, poultry shows
Truck, tractor pulls
Mud, dirt races
Gospel sing
I like them all
     View Results