Consolidated Resorts timeshare company has filed for bankruptcy.
Even though Tahiti Village has filed for bankruptcy, payments on timeshares still need to be made as normal. If the timeshare developer is in financial trouble, you may experience problems with
the overall experience of owning your timeshare.
The turbulent real estate market doesn't just affect home buyers and sellers. As you, and many others, have discovered, it can affect
ancillary businesses as well -- like your timeshare management company.
Nonetheless, you own an interest in a timeshare development. With
that ownership interest comes certain responsibilities. One of those responsibilities is to pay your monthly maintenance expenses, real estate taxes and other fees associated with the timeshare.
While the timeshare developer or the timeshare operator might have filed for bankruptcy protection, your financial obligations will continue.
If the timeshare developer is in financial trouble, you may experience problems with the overall experience of owning your timeshare. If you purchased your unit early on, and there are many units left to be sold,
you may be in a precarious position.
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