Condominium Assessments and Bankruptcy: What Can Associations Collect?

Condominium Assessments and Bankruptcy: What Can Associations Collect?

Courts across the nation are split on whether post-petition community association assessments constitute dischargeable debts under Chapter 13 of the U.S. Bankruptcy Code. To make matters worse, in November, the Supreme Court denied a petition to review the issue, leaving the community association industry wondering if the existing dispute among the courts will ever have a concise national remedy.

Association Assessments and Credit Scores

As someone who hit the age of 18 prior to 2009 and the enactment of the Credit CARD Act, I can remember when I signed up for a half-dozen credit cards to supplement my student loans and to receive that ‘free’ logo t-shirt, knit cap, or whatever else that was being...

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