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What Happens When a Condo Owner Files Bankruptcy?

By community association, condo law, HOA, HOAs, homeowners association No Comments

It is hard for homeowner’s associations and condominiums to keep their cash flow running on full these days.  Their reserves depend solely upon unit owners’ ability keeping their financial obligations in the form of monthly assessments.  These assessments are paid by all owners for the community’s common expenses such as…

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