By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Introduction As of April 16, 2020, more than 22,000,000 people in the United States were reported to have filed for unemployment aid, "a staggering loss of jobs that has wiped out a decade of employment gains and pushed families to line up at food banks as they await government help."1...
Lender Liability for Condo Association Fees: In re: Pigg No Longer Stands Alone
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By Joseph R. Prochaska
A recent Critical Case Comment looked at In re: Pigg, 2011 WL 2531399 (Bankr. M.D. Tenn., June 23, 2011) (Paine), which held that a lender which could be subordinated to condominium association dues accruing after a Chapter 7 bankruptcy, when the lender either delays in foreclosing on the property or takes possession of the property. Many wondered whether this was a “one off” case, or if it might be the . . .
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