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 […]

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