Bankruptcy is a court case where a person attempts to have their debts wiped out (a Chapter 7 Bankruptcy) or attempts to have the court force their creditors to be paid under a payment plan (a Chapter 13 Bankruptcy).
Regardless of who is ultimately found liable for damages related to the golf course and golfing, the Association would almost certainly be sued along with the golfer who hit the ball, the course manager and any other person or entity somehow related to the incident.
Thousands of Americans die needlessly each year because they had no access to relatively inexpensive and user-friendly life-saving equipment.
It’s common knowledge that Burlington County Chancery Judge Karen L. Suter has not been receptive to Associations’ applications for appointment of rent receivers. This has been true even when a unit is abandoned, vacant and worth less than the balance of the mortgage. Nevertheless, we believe that Judge Suter and New Jersey’s other Chancery Judges will, in the proper circumstances, continue to grant Associations’ applications for appointment of rent receivers.
Alternative Dispute Resolution – commonly referred to as “ADR” – has been an especially hot topic for community associations since the New Jersey Appellate Division’s 2012 decision in Bell Tower Condominium Association, Inc. v. Haffert. In that case, the Court held that “housing-related disputes” under the Condominium Act include disputes over the validity of special assessments for repairs and improvements to the common elements.
Indemnify: I will absorb claims/liability against you.
Defend: I will pay the attorney fees and costs to defend you.
Hold Harmless: I will not bring claims against you.
"Interest” and “late fees” are different things. Governing documents may provide for interest and/or late fees. Judges are sensitive to the difference.
Associations review their budget at the end of the fiscal year to determine the new budget for the upcoming year. In their budget, some Associations will have to reserve funds to repair and maintain one or more common elements that are no longer used by its members. These costly, but necessary budget items often times do not provide members with any value. Fortunately, Associations may be able to avoid these expenses by removing a common element.
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