Lease extension with potential bankrupted tenants
My tenants are asking for a 4-month lease extension but I suspect they are filing for bankruptcy since they have a bankruptcy lawyer contacting me asking for the lease extension. The current lease will expire end of next month. I read several online posts which seems to indicate that trying to get rent money (or evict) from bankrupted tenants are troubling. Another option would be asking for pre-paid full 4-month rents. Have you been dealing with similar situations and what are the pros and cons I need to be aware of? Should I obtain a lawyer? Thanks