TENANT BANKRUPTCY

If a tenant files bankruptcy and includes rent in the action, an “automatic stay” goes into effect. This means that no legal action can be taken against the tenant without the permission of the bankruptcy court. Even if an eviction action has already been started, the property cannot be recovered without the approval of the bankruptcy court and this can be an extended process.

Pre-screening prospective tenants is extraordinarily important.  Please contact us for further assistance!

There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.

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