HOA fees and the Bankruptcy Code
August 4th, 2010 . by adminDebtors are frequently surprised to find that they are still personally liable for HOA fees after he was filing bankruptcy. Even though they have moved out and for all intents and purposes made known their intent in the bankruptcy that they are surrendering their property back to the bank. Such liability is the result of a changes under the new bankruptcy laws. in most cases, the new laws have very little effect due to the nature of the priority of the underlying HOA lien. Under newly enacted Bankruptcy code, That section excepts from discharge of any debt. It’s best to consult with a bankruptcy attorney if you’re in a situation.
