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BEWARE LIABILITY FOR HOMEOWNERS ASSESSMENTS AFTER BANKRUPTCY

 

Upon being discharged in a Chapter 7 bankruptcy proceeding, a debtor is relieved from his or her personal obligation to repay homeowners or condominium assessments that arose prior to filing the Chapter 7 bankruptcy petition. However, a provision in the Bankruptcy Code provides that the debtor is responsible for assessments that accrue after the filing of the petition if the debtor retains title OR possession of the unit being assessed. This can create a problem for debtors whose homes are being foreclosed, as they have no control over the timing of a foreclosure. If the foreclosure action drags on, the homeowner will be liable for post petition assessments. Call Wendy Anderson if you are facing this dilemma. She has been able to satisfactorily assist clients facing the assessment dilemma. 

 
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Mailing Address:
P.O. Box 2164
Winter Park, Florida 32790

Office Address:
1353 Palmetto Avenue
Suite 200
Winter Park, Florida 32789

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(407) 628-9085 fax

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We currently serve the following areas Central Florida, Orlando, Winter Park, Maitland, Altamonte Springs, Longwood, Sanford, Kissimmee, Orange County, Osceola County, Seminole County, Brevard County, Lake County, Volusia County. If you are looking for the best lawyer in bankruptcy, realestate, or foreclosure then call 407-628-9081. To learn more please download our free bankruptcy help guide with lots of information and questions answered.

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