hoa and builder filing chapter 11

Started by LyndaF • 1 replies • 992 views

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LyndaF (Delaware)
Posts: 6

Posted:

was hoping someone could fill me in on HOA and our builder filing chapter 11. He filed Chapter 11 for his corp. The HOA is a separate enity so as homeowners what should be our next step to see what his resposibities are. Are we able to take over the HOA as homeowners?

SusanW1 (Michigan)
Posts: 5,202

Posted:

Chapter 11 is a re-organization of his debts, under the guidance of the court. So he still is an owner.

Call a meeting with him ASAP and ask what this all means for your HOA. All his assets may be in a freeze, so he can't do anything, anyway.

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