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Updated about 3 years ago, 11/09/2021

User Stats

29
Posts
12
Votes
Kevin Feng
Pro Member
  • New Jersey
12
Votes |
29
Posts

Tenant filed bankruptcy in TN

Kevin Feng
Pro Member
  • New Jersey
Posted

I wonder if anyone has experience with tenant bankruptcy issue.  I have a tenant at TN who is behind on rent for the past 3 months.  My PM has send multiple notices and finally put in the eviction notices.  PM even offer to apply for tenant Covid assistant for any financial needs.  I say PM did everything they can to help with this situation but recently found out tenant filed a bankruptcy. Now, I think that's just shady and screwed up.  I am willing to figure out with tenant on options but this complicated the support for tenant.  Anyone has any experience with this type of issue?

My PM think I am stuck for another 60-90 days.  Since tenant filed bankruptcy, it reset the clock and tenant will continue to stay without paying rent for another 3 months and I am stuck with the mortgage. PM said tenant will need to appear at bankruptcy court in order to continue to stay.  It's a tactic tenant is using to buy time.  Is there really no way around this?  Thanks all.

  • Kevin Feng