For me it's always a sense of relief once it's actually filed because I know I'm going to be rid of a headache in a few weeks.  

It will take ~5-6 months from the date of the first missed payment to the Sheriff's Sale, depending on how depending on how diligently the homeowner pursues debt relief.

The business model of the management company should not include keeping the fees they impose because people tend to do what benefits them.Late fees are not paid freeely by Tenants - they are imposed by the PM in order to train Tenants to pay on time.In the order to incur the fees and later collect them, it takes extra PM and bookeeper’s efforts: reconciliation, giving notice, sometimes meeting and talking to Tenants.Nobody wants to place bad Tenant in the order collect extra few $$, it’s much more efficient to collect PM fees almost automatically rather than create that hassle.If PM company keeping late fees is not acceptable for you, you’re free to find the one which is not.

You won the judgment.....but good luck actually getting the $$ from me".........Stall and make it as hard as possible for them to actually see any $$.... they probably have other debt collectors breathing down their neck, so delay any "relief" for their other baggageOf course that will hurt your credit and be on your record, but at the end of the day I might just eat that just to do pay these people

We have obtained relief from stay.

This coverage could help the tenant replace their property, which can be a huge relief, especially for big-ticket items.

I'm not sure anyone is really sure how it will all play out yet, but could mean a bit of relief for small time note investors:https://www.biggerpockets.com/forums/70/topics/454779-potentially-big-news-for-note-investors

A bankruptcy generally stays all legal proceedings against the tenant and requires the attorney to go into federal court to get relief from the stay. 

OWNER and BROKER further agree that enforcement of this provision is appropriate through a temporary restraining order and/or injunctions and permanent injunctions, notwithstanding any rights under the First Amendment to the United States and/or Texas Constitutions or other codified statute, regulation, or code and that any party who prevails on enforcement of this provision, whether for monetary damages or injunctive relief is entitled to recover attorney fees against the other.

Another play that would give you some relief and may delay things long enough to be of help  is if you are closing between now and Dec. 31 you have the opportunity to shift the date of recognition of your gain into 2015.