This tales goes back to 1994, Burt had just broken up with Loni Anderson, CBS had just canceled Evening Shade and the Florida Citrus Growers fired him as their spokes person, Burt needed some quick cash and refinanced his 12,500 square-foot ocean front home for $1.5 million with Merrill Lynch Credit Corporation (MLCC).


Reynolds has several advantages in his fight with Bank of America. The first advantage is that Bank of America turned the migration of the tens of thousands of loans held by Merrill Lynch into a chaotic mess when they integrated the two systems. If Bonfiglio presses Bank of America hard enough to see the original copy of the note that Bank of America alleges they have, they more then likely will not be able to produce it. The second advantage Reynolds' has is his 1996 bankruptcy.

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