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Posted on 26-08-2008
Filed Under (Bankruptcy) by admin
Butterflygirl asked:
If an owner of a multi-unit apartment complex or a single-family home with tenants files chapter 7, what happens to the tenants before and after the discharge of the bankruptcy? Can they stay as long as they choose, considering they pay the utilities, or will the bank force them out? Of course, the new owners down the road may have a different plan, especially if its a single-family dwelling, but for the multi-units especially, couldn’t the tenants stay?
If an owner of a multi-unit apartment complex or a single-family home with tenants files chapter 7, what happens to the tenants before and after the discharge of the bankruptcy? Can they stay as long as they choose, considering they pay the utilities, or will the bank force them out? Of course, the new owners down the road may have a different plan, especially if its a single-family dwelling, but for the multi-units especially, couldn’t the tenants stay?
Comments
jpocia03 on 29 August, 2008 at 12:19 am #
The case then its alot easier to sell rental property on the case then its alot easier to sell rental property on whether or not they should provide you.