Association Help Now

Mar 17, 2026 (ON DEMAND VIDEO ALL DAY)

HOA Bankruptcy Explained: Can a Condo Association Really Go Broke? (CEU VIDEO)

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?

CEU Version: https://attendee.gotowebinar.com/register/8461299881746255964

PODCAST: https://www.buzzsprout.com/2565449/episodes/18738781

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.

To qualify for CAMICB CEUs, please follow the on-screen instructions provided during the video. In order for us to submit your participation to CAMICB for CEU approval, those instructions must be followed. The instructions will appear after during the first 10 minutes of the program.

Non-CEU YouTube Video: https://youtu.be/q8w39unoeqI (Available Now)

PodCast: https://www.buzzsprout.com/2565449/episodes/18738781 (Available Now)

CEU Video (Available All Day March 17, 2026): CEU REGISTER