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 Newsletter
Collections Resources
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 Newsletter
Q: What do I do if I receive a Notice of Bankruptcy Filing? A: You should inform your collections attorney immediately if you receive notification that a homeowner has filed bankruptcy. If we have an active collections file against the homeowner, we are required to suspend further collections efforts against the homeowner while the bankruptcyGo to Newsletter