The next several months were extremely stressful; the tenants left, I watched my bank account dwindle, and I spent every waking hour trying to figure out a solution. ...for weeks, I thought I was headed for bankruptcy, and I assumed the entire house would need to be razed (who would buy a house that has regular, unpreventable floods?).

 generally saving for real estate so I guess it’s kinda similar, Looking for business loans advice   I wanna finance equipment ie.. ring saw and an excavator, is their a maximum for lease portion of the loan or  is it like real-estate where eventually you declare bankruptcy on the property, I’m thinking.

One is being sued. 2 were forced to declare bankruptcy and the one being sued is going to have to most likely.They all got over leveraged, didn't have enough cash to make the places nice, no real reserves and then the pandemic came along with the various municipalities restricting visitors etc.

Since the property is still legally the seller's liability, there is always the risk of a bankruptcy which means that the bank would take the property. 

A lender typically will not stop a foreclosure with a purchase agreement (we as a lender did it once and never again as it was a wholesale deal that didn’t close)Lender will probably get all their money at foreclosure in todays environment so no need tooBest bet is for borrower to file bankruptcy but then that could delay significantly the ability to sellBest bet is close before foreclosure

During his wife’s speech (they’ve since divorced) she unbelievably relayed that they had just filed bankruptcy last year because their fix n flip business went broke; that he was sitting around the house in a state of depression, and that they decided to go to Las Vegas and get a mentorship program together based on his “success”.

Student loan debt is the riskiest debt, because it is permanent debt, meaning you can't get rid of it through bankruptcy.

They do not look at your personal income, however they will pull your credit score to ensure you aren't in bankruptcy and that you make payments on your existing obligations.

New York City was famously on the verge of bankruptcy in the 70's- and at the same time, Manhattan has been estimated to have appreciated by about a compounding 7% per yer over the last 380 years. 

Would like to ask if you inquire about Bankruptcy record from prospects, or you make the same decision on applications regardless of what type of bankruptcy it is.