Friday, June 19, 2015

New Jersey Bankruptcy Court Rules Chapter 13 Debtor Only Required to Pay Condominium Six Month Lien Priority

By:  Angela M. Morisco, Esq.

In a published opinion dated June 11, 2015, the U.S. Bankruptcy Court for the District of New Jersey ruled that  since the condominium owners' mortgage was under water, the condominium association's claim under the Chapter 13 was limited to payment of the six month lien priority only.
The decision can be accessed here:
In re: MARK and RONDA RONES, Debtors. Case No. 14 ...

1 comment:

  1. Hello, Great Blog!!!! Thanks for sharing the informative info...Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors.Bankruptcy is not the only legal status that an insolvent person or other entity may have.
    NJ Attorney

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