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Chapter 11 and Multifamily Condo Regime’s Dual Challenges During COVID-19

By Pillsbury's Construction And Real Estate Law Team on April 27, 2020

By Pillsbury’s Construction & Real Estate Law Team

With many struggling to make housing payments due to COVID-19, dues owed to multifamily condominium associations are likely to go unpaid—especially if homeowners feel deprived of the use of common areas, such as pools, gyms and playgrounds. In “How Chapter 11 Solved One Multifamily Condo Regime’s Dual Challenges of Mounting Liabilities and Unpaid Dues,” colleagues Patrick J. Potter, David L. Miller and Dania Slim discuss how multifamily condominium regimes with mounting liabilities and unpaid dues during COVID-19 may find answers in bankruptcy to the obstacles posed by individually titled units.

  • Posted in:
    Real Estate & Construction
  • Blog:
    Gravel2Gavel
  • Organization:
    Pillsbury Winthrop Shaw Pittman LLP
  • Article: View Original Source

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