Because of the impact on homeowner associations and condominium association’s collection efforts, and the unpleasant nature of bankruptcy, there are many questions surrounding the topic. Below are some of the questions we consistently receive from boards of directors on the topic of bankruptcy. What is bankruptcy? Bankruptcy is a federal system of statutes…
The Community Associations Institute (CAI), our national trade group organization, each year publishes a report about homeowner associations and condominium associations statistics. The report includes information about the number of community associations in the United States, along with particular association data. For example, estimated combined budgets of these associations and other interesting data can be…