What if your condominium declares bankruptcy?

Answer Your condominium association is a public company. There are several types of bankruptcy, and the type chosen by the association will determine how business proceeds once bankruptcy is declared. Rea... Read More »

Top Q&A For: What if your condominium declares bankruptcy

What Happens to the Stock of a Company That Declares Bankruptcy?

Commercial bankruptcies are complicated legal proceedings not only for corporations involved in these types of cases but for their shareholders as well. As a stockholder in a corporation that files... Read More »

Michigan Law When a Tenant Declares Bankruptcy?

Michigan bankruptcy is determined by the Federal Rules of Bankruptcy Procedure and the United States Bankruptcy Code as last modified in 2005. The laws that pertain to bankruptcy are federal and ba... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

In Pa in chapter 7 bankruptcy can person use Federal Bankruptcy Exemtion to keep 120000 paid off condominium if this is only asset and only projected income is 238 monthly?

Refer to your last similar Q.Yes you have a 125K Federal Homestead Exemption.Yes you have issues that need to be protected by an attorney in the BK process (any creditor will have one and they will... Read More »