In 2024, over 500,000 bankruptcy cases were filed in the U.S., a 14% increase from the prior year. With 2025 expected to bring even more filings, many condominium and HOA boards are facing a harsh reality: how to handle bankrupt owners while staying compliant with federal law and protecting the association’s finances. Missteps in handling bankruptcy can cost your association thousands or worse, lead to legal sanctions. Here are five critical actions your board and property manager must take immediately when an owner files for bankruptcy.   Read the article…………………………….