#18520
Jimmy-T
Keymaster

    Firstly. the costs of recovering the debt – including the legal fees – are all payable by the non-paying owner so no need to worry about that.

    The next step, if it hasn’t already happened, would be to place a caveat on the title of the unit so that if the owner sells, you get your money before he gets his.

    I’m not sure if pursuing for bankruptcy is a good idea or not.  Your legal advisers might tell you.

    If your owners Corps is suffering financially as a result of this non-payment and you need the funds now, consider taking a strata loan out  – the interest on that would be covered more or less by the penalty interest chargeable on the unpaid levies.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.