Credit Union Homeowners Affordability Relief Program

The following is an article reprinted with permission from the upcoming Winter 2009 edition of The WWR Letter: Credit Union Homeowners Affordability Relief Program By: David A. Wolfe, Associate In November 2008, the National Credit Union Administration (“NCUA”) announced a new program designed to provide assistance to credit union members who face delinquency, default, or…

Mortgage Cram-Down Bill Moves One Step Closer

By: Scott Fink, Esquire Yesterday, the House Judiciary Committee approved a slightly modified version of the proposed amendments to the Bankruptcy Code, known as the “Helping Families Save Their Homes in Bankruptcy Act of 2009″ or H.R. 200.  The Bill will now move to the full House of Representatives for debate and a possible vote. …

Timely Collections and Form 1099-C

The following is an article reprinted with permission from the upcoming Winter 2009 edition of The WWR Letter:  By: Matthew M. Young, Esquire With the start of a new year, we are only months away from everybody’s favorite deadline—April 15th.  While filing taxes are among the most dreaded activities, a basic understanding of the Tax Code and what must…

Contest Considerations

The following is an article reprinted with permission from the upcoming Winter 2009 edition of The WWR Letter:  Contest Considerations By: Rob Rutkowski, Esquire Consider the following hypothetical situation: Steve Sharpe is the marketing director of Anthrax Research Federal Credit Union. Steve remembers that the credit union has not held a contest in a while. The credit union…