When a co-owner in a Michigan condominium files for bankruptcy, can the condominium association still collect unpaid assessments? Most boards assume the answer is no. This belief is common, but not entirely correct. While bankruptcy offers some protection against collection efforts, it does not completely
Michigan condominium associations rely on assessments to fund repairs, repay loans, and maintain the community. But what happens when a co-owner refuses to pay and claims prior funds were mismanaged? In Main Street Lofts Condominium Ass’n v Parodi, unpublished per curiam opinion of the Michigan Court
The Cost of Collecting Delinquent Condo Assessments in Michigan One of the most common questions Michigan condominium board members ask is simple and practical: How much will it cost the association to collect unpaid assessments? The short answer is that, in many cases, a condominium association can
Condominium associations rely on assessments to fund shared services, including building maintenance, landscaping, insurance, common utilities, and reserve planning. Board members are legally obligated to protect the condo association’s financial health, and part of that fiduciary duty is to ensure that every co-owner pays their
3 Essential Policies for Michigan HOAs and Condo Associations The governing documents of a homeowners association identify the rights and restrictions that apply to the members of that association. Governing documents include the master deed and bylaws of a condominium association, and the declaration or deed
Top 5 Actions for HOA and Condo Boards After an Owner’s Bankruptcy Filing In 2024, over 500,000 bankruptcy cases were filed in the U.S., a 14% increase from the prior year. With 2025 expected to bring even more filings, many condominium and HOA boards are facing
