Azam Hakim to Pay $60,400 to American Express in a Settlement Towards the Credit Card Debt Related to European Vacation and More
The stipulated order, approved by the Clark County District Court judge requiring Azam Hakim to pay American Express National Bank. American Express had the judgment against Hakim for the principal sum of $149,202 plus costs in the amount of $216. However, American Express and Hakim agreed to settle the above-stipulated judgment for a total of $60,400, inclusive of all costs and interest.
The stipulated order for judgment approved by Judge Ron Israel dated June 16th, 2021 calls for an immediate payment of $12,080, which was due on June 25th, 2021 followed by 35 monthly payments of $1,342.22 beginning on July 25th, 2021. The subsequent recurring payments are due on or before the 25th of each month with a final payment of $1,342.30 due on June 25th, 2024.
Additionally, the stipulation include that should Hakim fails, neglect, or refuse to pay any such payment on or before its due date, then all sums remaining due under such Judgement shall become due.
Previously, this publication reported the lawsuit where Hakim owed a total of $149,402 (see the attached January 2018 AMEX Statement) In another lawsuit, AMEX alleged that Hakim owed over $18,000 on a personal AMEX credit card (attached February 2018 statement). The 2017 statement shows Hakim used the money to pay for regular day to day expenses along with European vacations charged on the card; political contribution to the disgraced former Congressman Ruben Kihuen; and major purchases totaling over $11,000 in two transactions at the local Sam’s Club.
Additionally, few years back Mr. Hakim filed a bankruptcy showing a personal property (schedule-B) totaling $2,120 consisting of cash in bank & in hand $120; and household & clothing totaling $2,000.
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