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After filing bankruptcy 20 years ago a time share has come back to haunt us. Demanding maintenance fees amounting to approximately 2500.00. Yes the bank paid off the time share but we own it so they say.what are we to do are we the only ones in this situation??? We now have a court date and are being sued. |
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Regardless of what happened during bankruptcy proceedings, if the time share is in your name today, it is up to you to ensure its maintenance and upkeep (which includes accepting liability for all applicable service fees). Double-check your filings from the bankruptcy to see exactly what was supposed to happen with the time share; this may be your best (only?) recourse...
Brad |
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Statute of limitations do not apply because the titleship over the timeshare is in your name TODAY. For all intensive purposes, the fact that you filed for bankruptcy is irrelevant in this case. Though it is odd that the bankruptcy did not seize the timeshare, the fact remains unchanged that you legally own this timeshare, and are thus legally responsible for any and all associated liabilities (including maintenance and upkeep).
Brad |
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