Archive for the ‘Bankruptcy’ Category

COMMUNITY ASSOCIATION BANKRUPTCY 101

Written on March 2nd, 2009 by Joseph C. Larkin Esq.

The National Bureau of Economic Research made the determination that the United States is in a recession - and has been since December of 2007.  The current economic downturn has been caused, in part, by the nation’s housing downturn, which began in 2006.  As a result, many Georgia community associations have noticed an increased number [...]

BANKRUPTCY: NO LONGER A FREE RIDE

Written on May 9th, 2008 by Daniel E. Melchi Esq.

When a community association receives notice that a delinquent owner has filed a petition for bankruptcy, the initial reaction may be one of despair. Will we ever be able to recover what we are owed? Does this mean the owner gets a “free ride?” What can and can’t we do with regard [...]

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