Defalcation and the Hazards of Board Membership – Lessons from the Fifth Circuit (TX)

Do you serve on your condominium’s board as a fun way to meet your neighbors and test out your governance skills? What seems like a low-commitment diversion can balloon into a stressful time suck – or worse. You may be held personally liable for breaching fiduciary duties to your condo. And if you fall into really bad luck and end up in bankruptcy, you may not even be able to discharge debts for such liability, as a recent Fifth Circuit decision reminds us.  Read the article…………..


Related Articles

Issues Involving Illinois Condo Claims

In Chicago, we often find property loss claims that occur at condominium units. Of course, these claims tend to come

Homeowners ask court for rehearing on rental ban (MS)

Northbay homeowners are asking the Mississippi Court of Appeals for a rehearing over their long-standing rental ban that was reversed

BREAKING: HUD Announces Change to FHA Condo Policies at Realtors® Conference

This evening, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding joined National Association of Realtors® President Chris Polychron on