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Read your governing documents to educate yourself about your personal responsibility to pay your association assessments, which may also be tied to your free and clear title to your property.
Your bankruptcy attorney -- assuming that is the basis for your question -- can give you a firm answer, so that you understand the status of assessments that you owe prior to the date of filing and the status of assessments that you owe after the date of filing.
Your banker -- assuming that a financial statement is the basis for your question -- can confirm the status of your assessments.
What else can I help you with?
In the event of firm dissolution the first claims on its assets belongs to?
In the event of firm dissolution, the first claims on its assets belong to secured creditors. These are lenders or creditors who hold collateral against their loans, ensuring they are paid first. Following secured creditors, the order of claims typically proceeds to unsecured creditors, and finally, any remaining assets are distributed to the owners or shareholders of the firm.
How is an unsecured loan different from a secured loan?
Secured Loan: A Secured Loan is a loan, in which a person has to provide an asset such as gold/property as collateral to the lender. This type of loan is favorable for those borrowers who need finance at low interest rate and for longer duration.Unsecured Loan: In an Unsecured Loan, a person does not need to give any security to the lender. In this, what matters the most for the lenders is the credit rating and repayment capability of the borrower. This is good for borrowers such as tenants, non home-owners etc.
When was Norwegian Forest Owners Association created?
Norwegian Forest Owners Association was created in 1913.
When was National Association of Theatre Owners created?
National Association of Theatre Owners was created in 1965.
When was National Association of Women Business Owners created?
National Association of Women Business Owners was created in 1975.
Can a home owners' association prohibit jogging on streets?
They can if the streets are owned by the home owners' association rather than by a municipality.
Does loss assessment cover anything?
covers you for a loss assessment made by an association of property owners on common property for a "covered" cause of loss. important distinction there. i.e. condo needs a new roof due to old age - not covered. Also there are protections built in for deductibles - so condo association cannot have an extremely high deductible and instruct association owners to put in assessment claims
What is the meaning of poa annua?
Property Owners' Association (similar to Homeowners' Association)
Can a non-mandatory Florida homeowners association be converted to a mandatory association under Florida ss 720.403 without the parcel owners consent?
A homeowners association cannot be a mandatory association without the consent of 100% of the property owners in the development attempting to establish an association. In addition to the consent of the property owners, the association must follow certain procedures and file the proper documents in order to subject the property to the association's rule.
Can a neighborhood fire their HOA?
If the 'neighborhood' is composed of owners in the association, then owners can vote to remove a set of directors. Your governing documents document this process. The association, however, requires leadership, so the owners will be required to elect a new set of directors to lead the business of the association.
Where would you find grants for a Florida Home Owners Association?
Although your association may be a valid Florida non-profit corporation, grants are not generally a source of income. Association income is based on assessments paid by owners.
Can Home Owner Association charge attorney fees to homeowners for a citation written by a lawyer?
Read your governing documents to determine how the fees should be charged, whether they should be charged to a limited number of owners, or to all owners in the association. Apparently, a citation was required to settle a difference of opinion among owners, or between owners and the board. Yes, this is association business, and yes, the fees should be charged to owners.
