Condo Q&A

Will Declaring Bankruptcy In New York State Get Me Out of Paying Condo Association Dues?

Written by CondoAssociation.com | Tue, Jun 16, 2009 @ 09:33 AM

I am behind on my condo association dues on my primary home & my rental property in the same complex..I want to keep my properties. If I declare Chapter 7 bankruptcy will it erase my past dues on each, so I can start fresh without the past payments after my bankruptcy is discharged ?

No.  You will still owe your condo association past dues.  Secondly, your condo association should try to collect fees by placing a lien against your property until you pay your delinquent fees.  If you declare bankruptcy, your creditors may get a shot at taking your properties (mortgage co and HOA) unless your covered by a homestead act.

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