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Updated almost 9 years ago,

User Stats

58
Posts
6
Votes
Nick M.
  • Real Estate Investor
  • Sterling Heights, MI
6
Votes |
58
Posts

Received tenant chapter 13 bankruptcy notification

Nick M.
  • Real Estate Investor
  • Sterling Heights, MI
Posted
I received a letter in the mail today indicating that my tenants have filed for chapter 13 bankruptcy. The one year lease ends at the end of April but in previous discussions with tenants they indicated that they would like to continue to stay another year. They have not always paid on time but are up to date with rent for having been renting from me for two years. Does anyone know what it means ( for me ) that the tenant has filed for chapter 13? There is no outstanding debt they owe me. Can future rent payments be at risk or does this bankruptcy paperwork protect them from having to pay rent going forward? Should I try to get the out by the end of the term ( end of this month)? Any thoughts are greatly appreciated Thank you.

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