Legal News for Credit Union Managers Since 1990

Archive for March, 2022

28
Mar
2022

Credit Union Treasurer Liability

In this case, Grand Union Mount Kisco Employees Federal Credit Union filed an action against Sydney Kanaryk, its former treasurer, and sought to compensate the credit union for losses allegedly caused by that treasurer’s fraud and misfeasance. Stanley Kanaryk had been employed by Grand Union Mount Kisco Employees Federal Credit Union (“Grand Union”) as its […]

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07
Mar
2022

Nondischargeable Debt: Chapter 13 Bad Faith Filing

In this case, debtor filed a Chapter 13 case which sought to discharge, among other debts, an obligation that was previously held nondischargeable in a Chapter 7 bankruptcy filed several years earlier.   The debt that was found to be nondischargeable in the Chapter 7 case was due to a check written by the debtor […]

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03
Mar
2022

Debtor’s Failed Promise to Pledge Collateral – No Fraud

Here, the debtor, a physician, borrowed money from the bank and promised to secure that loan with a pledge of a $50,000 bond that the debtor could not locate at the time of the loan. The bank agreed to loan the money as long as Dr. Bercier brought in the bond at a later date […]

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

    • Temporary Freeze on Member Deposits
    • Reopening Bankruptcy Case Denied
    • Attorney Fees Assesses Against Bankrupt Debtor
    • Holder in Due Course – Checks
    • Automatic Stay Violation: Costs Assessed Against Credit Union
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    • Fatally Defective Mortgage Acceleration Notice
    • Defective Notary: Mortgage Void
    • Debtor’s Irresponsible Debts Discharged
    • Discharged Loan Re-Written Is Unenforceable

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