Tag Archives: bankruptcy

New Jersey – In re Rones

Whispering Woods Condominium Association, Inc. v. Rones (New Jersey – Bankruptcy)

The decision of the U.S. District Court for the District of New Jersey to reverse an earlier, published decision from U.S. Bankruptcy Court for the District of New Jersey has national consequences in limited super-priority lien states.

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Florida – Condo association buys One Bal Harbour from bankruptcy

Condo association buys One Bal Harbour from bankruptcyFollowing years of court battles, the condo association at One Bal Harbour bought the property out of bankruptcy. The 10295 Collins Avenue Residential Condominium Association closed on the $13.4 million sale Monday. Included in the purchase: the hotel tower, common areas and nine unsold condo units. The association plans to sell the hotel portion.

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Virginia – Feud over sign could force Fairfax’s Olde Belhaven to sell square

Feud over sign could force Fairfax’s Olde Belhaven to sell square“Need I say more! This would lead to chaos,” a neighbor fretted in an e-mail about the precedent that would be set if the sign wasn’t removed. “Our property values would be put at risk.” Such HOA disputes are as suburban as cul-de-sacs and two-car garages, but few metastasize into legal battles that spend years in the courts, break legal ground and bankrupt the HOA.

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Florida – Ocean Breeze Park homeowners seek bankruptcy protection for community

Ocean Breeze Park homeowners seek bankruptcy protection for communityOCEAN BREEZE PARK – Four years after buying Ocean Breeze Park, homeowners are seeking bankruptcy protection to preserve the 45-acre, riverfront, mobile-home park that’s served retirees for more than seven decades. “The board is working hard to make all of this work out,” said Harry Bartlett, president of the Ocean Breeze Park Homeowners’ Association.

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California – Angeleno Heights loft-style condo project falls into bankruptcy

Angeleno Heights loft-style condo project falls into bankruptcy – The Eastsider LAAfter years of on-again, off-again construction, the conversion of an Angeleno Heights brick apartment building into pricey loft-style condos has hit another roadblock after the owners filed for bankruptcy protection amid lawsuits and talk of a possible sale.