A Co-owner Filed Bankruptcy, What Now?

Condominium associations are solely dependent upon the collection of assessments from its members for their survival and to purchase and provide the goods and services necessary for the maintenance of the project for the benefit of its members. Thus, when a Co-owner files bankruptcy, there is an understandable feeling that all is lost.    Read the article………


Tags assigned to this article:
bankruptcycollectionscondo

Related Articles

Homeowner Wins $614,000 Judgment Against HOA Collection Companies (NV)

A Nevada jury awarded a homeowner $466,000 plus her attorneys fees and costs for a total judgment of $614,091.04 against

Properly Written – and Enforced – House Rules Can Keep Your Building From Becoming a Living Hell

Today’s New York Post carries a story about a unit owner in a luxury Upper East Side condo who has

You Can’t Prevent Snow and Ice but You Can Manage the Liability Risks They Create

Condominium residents, not unreasonably, expect parking lots to be plowed and walkways to be cleared of snow and ice. Boards