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Tenants file for bankruptcy

August 21, 2011 08:47PM
I bought a property at TS two years ago and inherited the tenants. We are on month-to-month lease now. They paid on time until May. They started to pay in pieces. I served them 3-day notice to pay rent or quit yesterday. They told me they will go see a bankruptcy lawyer on coming Tuesday. I know there is a new law protecting landlord if you have a judgment in hand from eviction court. But if you just file for the eviction, you still have to find a lawyer to file Relief from Stay to take your property out of the automatic stay. Someone quoted me $1800 for filing the Relief from Stay. Is that reasonable? I heard that bankruptcy only protect debtor up to the date of their bankruptcy filing (let's say Aug 30). They are still responsible for debt incurred after the filing. So if they don't pay me after Sep 1, I can start 2nd eviction on Sep 2. My eviction cost is cheaper than $1800. Any thoughts?
You advice is highly appreciated.
Subject Author Views Posted

Tenants file for bankruptcy

murftone 4286 August 21, 2011 08:47PM

Re: Tenants file for bankruptcy

428 2790 August 22, 2011 12:21AM

Re: Tenants file for bankruptcy

murftone 2798 August 22, 2011 11:29AM

Re: Tenants file for bankruptcy

Dond 2850 August 23, 2011 07:37AM

Re: Tenants file for bankruptcy

428 2735 August 23, 2011 06:36PM

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