A homeowner should be aware that homeowners association dues, fees or assessments are non-dischargeable in Chapter 7, 11, 12, & 13 bankruptcy under 11 U.S.C. §523(a)(16).

Consumers are best advised to meet with an experienced bankruptcy attorney when choosing between debt consolidation or bankruptcy.

Our capitalist system encourages individuals to take risks. Some prove productive; unfortunately, for those that fail, many times the individual is left with tax debt.