Understanding what is happening with your association’s delinquent accounts at Altitude Community Law is probably one of your board’s top priorities in these tough economic times. One tool for you to use in fulfilling your fiduciary duty with respect to managing the financial assets of your association is our status report. We produce a statusGo to Newsletter
Collections Resources
How Does a Bank Garnishment Work? In your recent status report from Altitude Community Law it says that the court has issued a bank garnishment. Is that good news? What can you expect as a result? These questions and more are addressed below. What is a bank garnishment? It is a document issued by theGo to Newsletter
Nearly half of the delinquent homeowners turned over to the Altitude Community Law Collections Department either pay off their balance or enter into some sort of payment arrangement relatively quickly in the process. For those homeowners that don’t, it becomes necessary to take the next legal step: filing a county court lawsuit. The majority ofGo to Newsletter
Earlier this year, the Metro Denver Economic Development Corporation (an affiliate of the Metro Denver Chamber of Commerce) presented the 2010 Economic Forecast for Metro Denver, and it was not all bad news! Briefly stated, the EDC suggested that Metro Denver has the necessary fundamentals to bounce back from this economic recession. For example, DenverGo to Newsletter
Courts many times have characterized receiverships as a drastic, extraordinary remedy. They have called it a powerful weapon that should be used sparingly and only where clearly necessary. It follows naturally from this common judicial view that an association should carefully approach the question of whether the uncommon remedy of a receivership should be usedGo to Newsletter