All Forum Posts by: Jason Vo

Here is another issue guys:

I found out that she had filed bankruptcy in Phoenix, AZ around March of this year, apparently she moved out prior that without letting me know. So now I just received a letter from the trustee in Phoenix, demanding me to remit the security deposit to the trustee. 

Several bankruptcy attorneys that I called gave me different advises, some told me to contact local Landlord and Tenant attorney, some told me to contact bankruptcy attorney in Phoenix. 

Anybody here have ever experienced the same situation? Under the Texas law, what's the tenant rights over the deposit? According to the lease agreement, the deposit is refunded at the end of the lease. Much appreciated any advice from y'all.. !!! 

Thanks all for the input. I will keep the lease as is and inform the current tenant 

I have a co-tenant leased my property. One of them moved out and filed bankruptcy chapter 7 months ago without noticing, the other one still occupied and been paying monthly rent on-time. Should I terminate the lease and create a new one with the remaining tenant or just keep the current one until it expired?

Yes. I'd like to know too.

Originally posted by @Anthony Angotti:

Hey @Jason Vo

We would need to get a real estate attorney to chime in, but I believe you would still have the money for unpaid rents and repairs since it is escrowed for that purpose. 

Bankruptcy cancels all though so I would check to be sure. Just taking an educated guess here. 

Best,

Tony

 Tony, thanks for your reply. I will check with the attorney. 

Anyone knows a good Real Estate lawyer in Houston?

According to the current US bankruptcy law, would the landlord lose the security deposit when the tenant filed bankruptcy?