Not sure if this is the right thread. One of the owner in my building are in arrears for more than 6 months and the debt is piling up. What can the OC do? Strata manager mentioned something about lodging a statement of claim. How does that work?
I have seen a person bankrupted over unpaid strata. Statement of claim served, it was ignored. OC obtained a judgment that $X was owed. A bankruptcy notice was then served, it was ignored. Before she knew it a trustee in bankruptcy was appointed and the fees had amounted to about $50k at this stage. Not sure if her unit was sold by the trustee or not.
Thanks Terry. Will talk to other owners. The amount owned at this time is not yet $50K, but it is better to address it now than later.
In my example the amount owning was only a few thousand in the beginning. But interest, legal fees and trustee fees were incurred.
I joined the Body Corp committee of a complex that has some serial non-payers; we've successfully sought debt collection / judgements / forced sale of units to recoup BC unpaids and legal fees etc. Don't delay - $50k is a large bill and as @Terry_w mentions, legal costs will add to it quickly. Start the process now.
