By Sandra Gottlieb and Alyssa Klausner, Community Association Attorneys at SwedelsonGottlieb As many of you likely know, when a homeowner files a Chapter 7 bankruptcy, they may be able to “discharge” their obligation to pay the pre-bankruptcy petition debts including the assessments they owe their community association. And you likely…
By Brian Moreno, Senior Associate at SwedelsonGottlieb, Community Association Attorneys In the assessment collection arena, there have been a number of pro-homeowner court decisions that affect a community association’s ability to collect unpaid HOA/Condo assessments. First, courts have held that associations must accept partial payments, which has allowed homeowners to…
The Wall Street Journal recently reported that secured bank lenders to General Motors would get a full recovery on $6 billion in loans made to the auto maker, under the bankruptcy plan being finalized by the U.S. Treasury. If you are asking what this has to do with California community…