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

Is the Robot Apocalypse Inevitable in the CAM Industry?

You know what I can’t stand? The thing that turns me into a “get off my lawn you rotten kids!”

California Department of Real Estate Warns of Dangers of Underfunded Reserve Accounts

One of the most difficult choices a board makes when preparing an association’s annual budget is whether to increase assessments

Stay Off The Naughty List When Planning Holiday Events

The trick-or-treaters have come and gone, and there is an ever-so-slight briskness in the air.  That means the holidays –