Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

40
Posts
13
Votes
Sharon C Hartless
  • Investor
  • Knoxville, TN
13
Votes |
40
Posts

Previous Tenant's Bankruptcy Denied!

Sharon C Hartless
  • Investor
  • Knoxville, TN
Posted

I couldn't believe it... I won a judgement against a pair of professional squatters in excess of $8,000 five years ago... Of course the squatters filed for bankruptcy right after my judgement was awarded. That was the first time I had been to Bankruptcy Court and I asked to make one statement to the court... "The Federal Bankruptcy Court is an accomplice and should be held accountable along with the plaintiff in an "attempted financial homicide" against me as a landlord. Despite their efforts, I was able to pull through financially and still own the house.

The problem for these particular squatters is they also defrauded an attorney. This attorney made it his mission to derail the bankruptcy and hold these thieves accountable. I met him at the hearing mentioned above. This attorney kept in touch with me through the years and came to my home, with a court reporter, and took my deposition.  A few months ago I got an email from him telling me that the bankruptcy was denied and I should be able to proceed with collections against the squatter through any mean available to me including wage garnishment.

A month ago I received a notice from the court that the Debtor has filed a "Request to Make Payments."  in regards to my judgement. The debtor has requested a payment of $10.00 per month to me because that's all he can afford after he pays $274.00 for his phone; $279.00 for his cable and, oddly enough, he has to pay a water bill of $50.00 and a separate sewer bill of $70.00 every month. I intend to present to the court my Straight Talk phone bill of $48.35 and my Charter cable and internet bill for $112.54, and, finally, my water bill, including sewer, for less that $20.00 per month. I'll ask the court to award me a monthly payment equal to the savings the debtor can realize by subscribing to the companies I subscribe to. He's really getting ripped off by his current providers!!! If the court agrees the payment to me would be ($673.00 <$180.89> = $492.11) $492.11 per month ... That sounds fair to me!!!!

I'll keep you posted ;.)

Loading replies...