Can a chapter 7 protect you from Homeowners Association assessments?

Chapter 7 Federal Bankruptcy proceeds can help a debtor discharge debts.

Assessments are owed by owners -- potentially personally as well as being attached to your property -- in order to pay for protection, maintenance and preservation of real estate assets you own in common with all other owners.

Assessments due prior to the date of filing are handled differently than assessments due after the date of filing: your bankruptcy attorney can help you understand your position according to a calendar.

Read your governing documents to fully understand your personal obligation to pay assessments, and the statutory lien they represent on your title. Your association can file its lien, and as a last resort, sell your property in order to satisfy the debts that you owe.