Condo association in financial ruin. Owners taking board to court.

I belong to an association in New Jersey that has taken us into financial ruin. We owe 74K on our water bill, we have a lien against us of $130K from a contractor.  We got petitions together to call a special meeting to recall the Board. They won't set a date for the meeting. They are making us take them to court. Of course they have three attorneys we have one. Anyone ever come on this situation where you try to recall the board with enough petitions and they won't set a special meeting date?