Bankruptcy Court Says Ongoing HOA Assessments are Dischargeable
- Case Decisions, Dues and Assessments
US Bankruptcy Court decision (September 25, 2014):
In this case, the owners of a condominium located within a common interest community stopped paying their mortgage and homeowners assessments and abandoned their property. They subsequently filed a Chapter 13 bankruptcy in which they proposed a plan that provided for transferring title to their condominium to the bank and which made no provision for paying their HOA ongoing assessments. The bank and the HOA objected to the confirmation of the Chapter 13 plan.
Subscription Required to Continue Reading
To view the full HOA Featured Article, you must have a Subscription with HOA Member Services
Become a Member
Personal Monthly
$
12.70
/month
-
Access to over 600 Articles & Case Decisions
-
Access to hundreds of Resources
-
HOA Newsletter
-
Free Copy of HOA LIVING
-
25% OFF Download Forms
-
1 User
Personal
$
97
Annual
-
Access to over 600 Articles & Case Decisions
-
Access to hundreds of Resources
-
HOA Newsletter
-
Free Copy of HOA LIVING
-
25% OFF Download Forms
-
1 User
Pro
$
297
Annual
-
Access to over 600 Articles & Case Decisions
-
Access to hundreds of Resources
-
HOA Newsletter
-
Free Copy of HOA LIVING
-
Free Unlimited Access to Download Forms (save $1000s!)
-
Unlimited Personal Support from HOA Attorney
-
1 User
HOA Team
$
347
Annual
-
Access to over 600 Articles & Case Decisions
-
Access to hundreds of Resources
-
HOA Newsletter
-
Free Copy of HOA LIVING
-
Free Unlimited Access to Download Forms (save $1000s!)
-
Unlimited Personal Support from HOA Attorney
-
Up to 10 Users