Sadly, the pandemic seems as though it will cause (or already has caused, depending on who you ask) a devastating impact on our local and national economies, and individuals’ financial stability. In times like these, bankruptcy filings may become more common for those trying to recover from long stretches out of work, layoffs, reduced cash flow, or the closing of businesses. This can, and likely will, ultimately affect the bottom line of many community associations. But, some steps can be taken to mitigate – or in some cases, avoid – the impact of increased assessment payment defaults and/or homeowner bankruptcy filings within a community.   Read the article…………………………………..