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Bankruptcy – What Every Condominium Association Must Know

/ Owner - December 4, 2017

Delinquent assessments are unfortunately a frequent and practically universal problem for condominium associations. The collection of delinquent assessments is essential to the viability of any condominium association; however, these collection efforts can become problematic when a co-owner files for bankruptcy. This Article will address the two common types of consumer bankruptcies filed by co-owners, those being Chapter 7 and Chapter 13, as well as the bankruptcy filing’s affect on an Association’s ability to collect these delinquent assessments.      Read the article………………….

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