Alleging Domicile on “God’s Earth” Despite Residence in a Municipality Will Not Excuse Requirement to Pay Municipal Taxes

(Per Rob Rutkowski) Credit unions do care where their members are domiciled for BSA purposes, as well as when they are presented with administration documents associated with an estate. By Amanda R. Yurechko, Esq. The Twelfth District Court of Appeals recently considered the issue of domicile versus residence in Middletown v. Myers, 193 Ohio App.3d…

New Garnishment Worksheet

By John B. C. Porter, Esq. I created a worksheet as a guide intended to help Ohio credit unions calculate the amount to be remitted to court upon receipt of a garnishment under the new federal rules with respect to the protected amount of federal benefits. Go here for a copy of the worksheet. If…

Homeowners Affordable Modification Program (HAMP) Expanded

By David Yunghans The Federal Housing Finance Agency has now expanded the program by allowing homeowners to refinance regardless of how much their house has fallen in value.  Originally, the program was limited to borrowers whose mortgages were no greater than 125 percent of the value of their homes.  Under the program, borrowers must still…

Happy International Credit Union Day!

By:  Rob Back in 1986, I got my first credit card from Lake County Educational Credit Union. I used it throughout college and when I needed car loans, while I was in school, the credit union was there. Eventually, around 1994, I ran for the board of directors, was elected and served until 1998 when…

Bankruptcy Update: Recent Trends, New Rules and Revised Forms

by Alan C. Hochheiser, Esq. NBKRC: Bankruptcies Down Thru Third Quarter 2011 According to statistics from the National Bankruptcy Research Center (NBKRC), bankruptcy filings have declined through the first three quarters of 2011.  Total consumer bankruptcy filings totaled 144,722, which was down approximately 10% from the first three quarters of 2010.  In addition, bankruptcy filings…