In the last installment of the series, I went through some of the terms that Associations need to know when a Unit Owner files for Bankruptcy. This edition will talk about the “Automatic Stay” and how it affects...
Category: Business Law
Can an Association Invest Its Capital Reserve Funds?
May 27, 2021
Has your Board, especially if it has a financial professional on it, ever looked with dismay at the low interest that a Capital Reserve Fund is earning? They may think that if they could get a better return on that Reserve...
Condominiums, Homeowners’ Associations and Bankruptcy: What is an “Automatic Stay” and Other Terms You Need to Know
May 19, 2021
In the last installment of this series, I explained that Bankruptcy is a federal law designed to help people who owe money get a fresh start. In this part, I want to explain some terms that are helpful to remember. These...
Now that people who have been vaccinated are allowed to throw away their masks, the question on people’s minds is, “How do we enforce that?” Employers want to know if they can ask their employees for proof...
Bankruptcy helps people who can no longer pay their debts get a fresh start. This is the statement that comes at the very top of the page for the United States Bankruptcy Courts. Every accountant and attorney who has ever...