Yes, I told the bankruptcy judge that this is the 3rs time she bankrupted me and yes I told him it was to avoid eviction.  

One injured or dead person (especially a child) that didn't have adequate exit or means of escape or lack of safety features etc. will bankrupt both businesses.

A self employed and relatively recent bankrupt with lavish tastes and a seeming inability to pony up move in money.

After I had the heart not to boot out a tenant who couldn't walk during the holiday season, he proceeded to go bankrupt and drag it out forever.Needless to say, this tenant was a master class in both bankruptcy and running your real estate business like a business.My point is simply this: enforce the lease and its terms to the letter.  

Paying down a mortgage does not add any positive cash flow to your bottom line.More than just tightening up you need to re-evaluate your entire business plan before you go bankrupt.

Lol....In all seriousness, I can't imagine there aren't any positive cash flowing properties in your area otherwise all owners would be bankrupt.

Bankrupt or not 95% of the people come to the office and pay to get the charges dropped . 

Usually what happens in cases like this is the companies go bankrupt.

This exact plan nearly bankrupt me a few years back when the "TBD" quickly outpaced my "COH" (cash on hand). 

Our country would go bankrupt overnight!