Legal News for Credit Union Managers Since 1990

Archive for March, 2021

01
Mar
2021

Nondischargeable Loans to Bank Employee

Here, the bankruptcy debtor was employed by the First Heritage National Bank. Prior to debtor’s employment at First Heritage, he was employed at an affiliated bank as a loan officer, supervised employees, approved customer checks and generally managed the day-to-day business of the bank. The debtor-employee borrowed money from First Heritage on several occasions.  Although all of […]

Continue reading » No comments

  • Recently Posted Articles written by: Charels R. Harroun, Attorney at Law

    • $100,000.00 Award to Employee
    • Michigan Supreme Court: Secured Loan Loss Payable Clause
    • Fraudulent Mortgage Application
    • Employee Discrimination: Failure to Promote
    • Waiver of Right to Rescind Reaffirmation Agreement Unenforceable
    • Worthless (NSF) Checks Constitute Fraud
    • Discharge Denied: Joint Ownership of Assets
    • Constructive Discharge: Credit Union Violates Employee’s Rights
    • Credit Union Assessed Punitive Damages
    • Defective Notice to Sell Collateral Defeats Collection of Deficiency
    • Nondischargeable Debt: Disassembled Collateral

  • Website Builder

2009-2020 Copyright Harroun, P.C. | Credit Union Legal Newsletter powered by WordPress and Uchilla
Subscribe: Entries (RSS) and Comments (RSS)