{"id":2723,"date":"2025-10-24T12:32:30","date_gmt":"2025-10-24T12:32:30","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/hartford-and-capital-credit-union-clash-over-3-million-in-bankruptcy-battle\/"},"modified":"2025-10-24T12:32:30","modified_gmt":"2025-10-24T12:32:30","slug":"hartford-and-capital-credit-union-clash-over-3-million-in-bankruptcy-battle","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/hartford-and-capital-credit-union-clash-over-3-million-in-bankruptcy-battle\/","title":{"rendered":"Hartford and Capital Credit Union clash over $3 million in bankruptcy battle"},"content":{"rendered":"<div>\n<p dir=\"ltr\">The dispute centers on two contracts: the General Indemnity Agreement (GIA) and the Intercreditor Collateral Agreement (ICA). The GIA, signed in July 2020, assigned to Hartford all of Pro-Mark\u2019s rights in or related to the bonds. In December 2021, Pro-Mark entered into two business loan agreements with Capital Credit Union, secured by most of Pro-Mark\u2019s assets, including its deposit accounts. Recognizing potential overlapping interests, Hartford and Capital Credit Union executed the ICA in July 2022. The ICA defined \u201cBank Priority Collateral\u201d and \u201cSurety Priority Collateral,\u201d and set out how proceeds, including insurance proceeds, would be distributed between the parties.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The dispute centers on two contracts: the General Indemnity Agreement (GIA) and the Intercreditor Collateral Agreement (ICA). The GIA, signed in July 2020, assigned to Hartford all of Pro-Mark\u2019s rights in or related to the bonds. In December 2021, Pro-Mark entered into two business loan agreements with Capital Credit Union, secured by most of Pro-Mark\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1666,1667,1365,885,1665,1434,511,1197],"class_list":["post-2723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-bankruptcy","tag-battle","tag-capital","tag-clash","tag-credit","tag-hartford","tag-million","tag-union"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/2723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=2723"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/2723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/2724"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=2723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=2723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=2723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}