In this week's episode, we talk about the intersection of bankruptcy and condominium / homeowner association law.
Many times, people don't understand that they still owe their homeowner association or condominium association even though they filed bankruptcy. This is because the bankruptcy code says that assessments due post-filing (post-petition) are not dischargeable, or are debts that are unaffected by the bankruptcy filing.
What do you think? Should ongoing assessments be dischargeable after the bankruptcy is filed? Let us know at Shawn@YesnerLaw.com or www.yesnerlaw.com.