Condo liens: Judicial lien v. security interest v. statutory lien – and who cares?

/ Owner - December 4, 2012

Young v. 1200 Buena Vista Condominiums, 477 B.R. 594 (W.D. Pa. 2012) – Young, a chapter 13 debtor, sought to avoid a condominium association lien for assessments because his chapter 13 plan was feasible only if a large portion of the lien could be avoided.  If the lien was classified a security interest it could not be avoided (based on the anti-modification provisions applicable in a chapter 13 case); while if it was statutory lien, the debtor was hoping that he would be able to avoid the lien at least in part.  Read More……

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