| AmTrust sells five Columbus branches to WesBanco |
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January 26, 2009 Link
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WesBanco Inc. of West Virginia will soon become one of the ten largest banks in Central Ohio when it acquires all five of AmTrust Bank’s Columbus branches. Submitted by Kevin T. Shook.
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| CLOSING PROTECTION LETTERS-Do I really need one? |
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January 20, 2009 Link
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I represent lenders. In virtually any capacity, for virtually any legal need, I represent lenders, but mostly, I represent lenders in loan transactions. Submitted by Kimberly K. Mauer.
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| Bank’s Assignment of Note Removes Liability for Release of Lien |
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January 13, 2009 Link
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In November 2008, the Kentucky Court of Appeals held that Liberty Bank was not liable for slander of title and failure to release a lien under KRS 382.365 following payment of the underlying note and mortgage obligation. Submitted by Denise H. McClelland.
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| Citigroup, Inc. and Top Democrats Reach Mortgage Deal |
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January 12, 2009 Link
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On January, 8, 2009, The Wall Street Journal1 and Bloomberg News reported that Citigroup, Inc. signed on to a deal with top Democrats in the United States Senate to move forward with a measure that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court. Submitted by Eliot G. Bastian.
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| Sixth Circuit Court of Appeals Holds That Date of Chapter 7 Filing Begins Four-Year Bar on Chapter 13 Discharge |
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January 5, 2009 Link
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The Sixth Circuit recently addressed whether the Bankruptcy Code’s prohibition on receiving a Chapter 13 discharge within four years of a prior Chapter 7 discharge begins to run when the Chapter 7 petition is filed or when the discharge is granted. Submitted by Matthew J. Horwitz.
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| Sixth Circuit Holds State Court Judgment on Debt Previously Discharged in Bankruptcy Void Ab Initio |
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January 2, 2009 Link
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In In re Hamilton, 540 F.3d 367 (6th Cir. 2008), the Sixth Circuit Court of Appeals ruled that a state court judgment that is entered on a debt after the debt has been already discharged in bankruptcy is void ab initio. Submitted by LeAnders L. Jones.
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