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Avoid Mistakes When Planning and Filing Virginia Bankruptcy Cases
The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.
Free - 2010 Bankruptcy Strategies Explained
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California Bankruptcy Lawyers - Condominium Fees
11 U.S.C. 523 provides discharge will not be allowed (16) for a fee or assessment that becomes due and payable
after the order for relief to a membership association with respect to the debtor's interest in a dwelling unit
that has condominium ownership or in a share of a cooperative housing corporation, but only if such fee or
assessment is payable for a period during which - (A) the debtor physically occupied a dwelling unit in the
condominium or cooperative project; or (B) the debtor rented the dwelling unit to a tenant and received
payments from the tenant for such period, but nothing in this paragraph shall except from discharge the debt of
a debtor for a membership association fee or assessment for a period arising before entry of the order for relief in a
pending or subsequent bankruptcy case.
California Bankruptcy Lawyers - In Practice
Fees charged by condominium associations must be paid. Further, when protected by a consensual lien, the full
amount must be paid to avoid foreclosure. Bankruptcy lawyers representing debtors ordinarily include these fees
in schedules as a collateralized debt. bankruptcy lawyers representing condominium associations typically
monitor all legal notices.
All prudent debtors have questions about applicable laws before filing. The best source of legal advice is a qualified
bankruptcy lawyer with substantial, current experience practicing before federal courts. Because state and federal laws change frequently,
the results
achieved by bankruptcy lawyers for their clients also change frequently in direct response to these
amendments. Depending upon the personal goals and situation of each debtor, all options may not
apply. The best bankruptcy lawyers are intimately familiar with all options, as an assortment of tools, that may
be combined creatively to maximize client benefits.
Back to California Bankruptcy Lawyer FAQ content page.
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