AssociationHelpNow
AssociationHelpNow® delivers practical, real-world conversations for community association managers and board members who live this work every day. Each episode features candid discussions, expert interviews, and timely insights covering legal, insurance, operational, leadership, and communication challenges facing HOAs and condominiums. From livestream highlights to workshop takeaways, the show bridges the gap between theory and practice—helping listeners make smarter, more confident decisions in complex environments.
Hosted by AssociationHelpNow® | Practical insights for managers and boards who live this every day.
This content does not constitute professional advice and may have been edited.
AssociationHelpNow
HOA Bankruptcy Explained: Can a Condo Association Really Go Broke?
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When an HOA or condominium association files bankruptcy, what actually happens?
Can the board just declare bankruptcy?
Do owners become personally responsible?
Can a creditor force an HOA into bankruptcy?
And can a bankruptcy judge really wipe out amenities—or even force massive special assessments?
YouTube Video: https://youtu.be/q8w39unoeqI
CEU Version: https://attendee.gotowebinar.com/register/8461299881746255964
In this special AssociationHelpNow® session, Ray Dickey sits down with Florida attorney Cory Kravit and tri-state attorney Dave Byrne to break down a real Florida case involving a recreational condominium that filed Chapter 11 bankruptcy.
This video covers:
✔ Why an association would file Chapter 11
✔ What happens when sub-associations stop paying
✔ How bankruptcy affects owners, assessments & foreclosures
✔ Whether amenities or common property can be sold
✔ Why older buildings and deferred maintenance matter
✔ How terminations vs. bankruptcy differ
✔ The role of board fiduciary duty during financial crises
✔ Whether a bankruptcy court can override governing documents
✔ What creditors can and cannot do
✔ The “toll booth” hypothetical that had everyone laughing
This is one of the most detailed, real-world bankruptcy discussions ever streamed for HOAs and condos. If you are a manager, board member, homeowner, or attorney, this deep dive will dramatically improve your understanding of how bankruptcy truly works in community associations.
PANEL (Recorded Feb., 23, 2026):
Raymond Dickey • www.AssociationHelpNow.com
David Byrne, Esq. • Ansell Grimm & Aaron, PC • dbyrne@ansell.law • www.ansell.law
Cory Kravit, Esq. • Kovitz Shifrin Nesbit • ckravit@ksnlaw.com • www.ksnlaw.com
Hosted by AssociationHelpNow® | Practical insights for managers and boards who live this every day.
This content does not constitute professional advice.