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All Forum Posts by: Alicia Villines

Alicia Villines has started 0 posts and replied 1 times.

General Landlording & Rental Properties

Post: Would you rent to tenant in Chapter 13 if they pay for full year

Alicia VillinesPosted
  • Attorney
  • Kansas City MO area - Liberty
  • Posts 1
  • Votes 0

Hell YES!  As an attorney who's just moving out of bankruptcy practice, Chapter 13 offers the opportunity to have the rent paid to you by the trustee.  Advance payments?  Not really.  Not sure how a Chapter 13 debtor would have the cash to pay in advance.  

The idea behind Chapter 13 is simple:  Debtor's income minus reasonable allowed expenses equals payment amount available pro-rata to creditors.  Assuming the rent is not overly high, it's an allowed expense.  

0 Votes