Collection of Delinquent Assessments Through Bankruptcy By: Jillian M. Henzler, Esq.
When an owner becomes delinquent on association assessments or other obligations, they may consider bankruptcy as a solution to their financial problems. A bankruptcy filing triggers a number of federal laws that affect an association’s ability to collect delinquent assessments. Most notably, upon the filing of a bankruptcy petition, an automatic stay on collection action …
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