Some Miami condos’ and their associations are turning to bankruptcy because unpaid association fees mounting, a largely unproven strategy that could bring even more financial risk.
At least seven Florida and Miami condos associations have filed for bankruptcy since the real estate market took a nose dive and there may be more on the way.
Bankruptcy could be the last defense against their hallways going dark and their spigots running dry, for a growing number of strapped Miami condos’ associations.
The creditors of Maison Grande in
No comments:
Post a Comment