Finding the Gold

Collecting assessments from delinquent owners is a little bit like mining for gold.  First you have to find the gold. With delinquent owners getting a judgment is usually the easy part.  Next comes the hard part, finding the gold.  We have to locate attachable assets to satisfy the judgment.  Generally attachable assets come in theGo to Resource

Collection Processing Charges: What They Are and What Your Association Needs to Know About Them

In this economy, it is no surprise that your association’s delinquencies may have increased.  As such, the costs of collection are increasing.  Costs of collection include not only the legal fees and court costs, but also include costs and resources expended by the management company for monitoring the delinquent accounts.  Many management companies charge aGo to Resource

Collection of Assessments: Creating a Culture of Voluntary Compliance

There’s no doubt about it – assessments are the lifeblood of community associations.  Without the income derived from assessments, associations struggle to maintain the common elements, provide essential services to residents and protect property values.  While most residents are good about paying their assessments on time, some are not.  Furthermore, since associations traditionally operate onGo to Resource

Bankruptcy Overview

Bankruptcy is a means by which a person seeks relief from debt. The bankruptcy laws come from a long tradition of allowing people debt forgiveness and,in certain circumstances, freedom from debt. The bankruptcy laws are federal and are found primarily in Title 11, Chapters 7 and 13 of the United States Code. A bankruptcy doesGo to Resource
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