Lueder, Larkin & Hunter's community association newsletter Community Matters was offered to our participants at the 2015 Board Boot Camp and is now available online. Community Matters will be published on our website on a quarterly basis. This edition features a case law update on Chapter 7 bankruptcy and "lien stripping" (by Daniel Melchi) and an article discussing the enforceability of amendments that impose new restrictive covenants (by Cindy Carson Hodge). This edition's featured...
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Lueder, Larkin & Hunter, LLC collected $7,736,303.00 for our clients in 2014, which is up from the $7.3 million we collected in 2013! We know the importance of collections. We know that clients do not want to pay hundreds or thousands of dollars per delinquent account without getting results. Our firm therefore pioneered the industry with results-oriented collections that we call Common Sense Collections. We place the financial burden of collections and place it where it should be –...
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The National Bureau of Economic Research made the determination that the United States is in a recession - and has been since December of 2007. The current economic downturn has been caused, in part, by the nation’s housing downturn, which began in 2006. As a result, many Georgia community associations have noticed an increased number of homes being foreclosed upon and an increased number of bankruptcy filings. Many assume that a bankruptcy will completely eliminate an association’s ability...
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When a community association receives notice that a delinquent owner has filed a petition for bankruptcy, the initial reaction may be one of despair. Will we ever be able to recover what we are owed? Does this mean the owner gets a “free ride?” What can and can’t we do with regard to collecting amounts that continue to accrue? These questions are common, and bankruptcy can be a complicated subject, rife with time-sensitive deadlines, special bankruptcy rules, and specific protections...
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