A Homeowners’ Association Is Not a ‘SARE’ and Is Eligible for Sub V of Chapter 11
A homeowners’ association is not a single asset real estate debtor because the HOA’s income doesn’t come from the common areas but from assessments paid by unit owners.
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Case Details
Case Citation
In re 255 North Front Street Condos Inc., 24-03153 (Bankr. E.D.N.C. April 8, 2025)
Case Name
In re 255 North Front Street Condos Inc.
Case Type
Business