Chapter 7 Bankruptcy – What Is It?

  Chapter 7 bankruptcy cases tend toward the routine. The debtor files a bankruptcy petition, the trustee holds a “Meeting of Creditors” wherein the debtor is questioned under oath about the bankruptcy and a trustee determines whether the debtor has any assets that may be sold to pay his/her creditors.  If the trustee finds thereGo to Resource

What are Conflicts of Interest?

What, specifically, is a conflict of interest besides a few buzz words thrown about by managers, upset owners, and board members?  And, to whom does it apply?  Fortunately, boards are not left to make up or individually define conflicts of interest.  The Colorado Common Interest Ownership Act (“CCIOA”), in conjunction with the Revised Nonprofit CorporationsGo to Resource
    Families with children are protected under the Fair Housing Amendments Act (“FHAA”), correct? Yes. The FHAA makes it unlawful for an association to discriminate based on familial status.   So that means an association cannot restrict children from living in the community, correct? Wrong. An association can prohibit children from living in theGo to Resource

Crucial Contract Provisions to Protect an Association

By: Maris S. Davies, Esq. Associations enter into contracts on a regular basis. Contracts are used to procure landscape services, snow removal services, major roofing or repair services, and everything in between. The dollar amounts at issue may range anywhere from a few hundred dollars to millions, depending on the repair and/or improvement being done.Go to Resource