The tenant then replied and told me he and his wife are considering filing for bankruptcy due to financial problems.  

For example, a loan may be amortized as if it would be paid over a thirty year period, but requires that at the end of the tenth year the entire remaining balance must be paid.balloon paymentThe final lump sum payment that is due at the termination of a balloon mortgage.bankruptcyBy filing in federal bankruptcy court, an individual or individuals can restructure or relieve themselves of debts and liabilities.

You’ll be in bankruptcy court doing that .

How many people had to file bankruptcy during the Great Recession due to real estate investments vs. stock market investments? 

It usually ends in bankruptcy and broken relationships .

This time I used Cozy.co background check service and it failed to uncover a prospective tenant's eviction and bankruptcy. 

I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $100k reallocated in form of balloon payment at end of loan term)no 2ndarrears $30kIn process of going through bankruptcy, however, want to complete a lease with option to buy. 

Thanks a ton,Vidit When they has a discharged bankruptcy they are a safer bet.

I've found a commercial/investment property in South East England that has gone to auction due to bankruptcy of the owner.

Very often a divorce includes bankruptcy.