I believe even bankruptcy and foreclosures only stay on your record for 7 years. 

Little did I know that he lost the property in a bankruptcy three years prior - THREE YEARS - and his name still showed up as the primary owner.  

If I start researching too early a lot of times some auctions get cancelled or they file bankruptcy.

(I’m not even going to add on the extra two or three months of lost time, expense and rent, if the tenant files for Bankruptcy.)So, with regard to “professional tenants,” your statement that “they will not drag it out for months is Texas,” is false.You also stated that it was “fine with me” if the tenant files an appeal bond.Well, it won’t be fine with you when you find out that the sureties on the appeal bond do not possess sufficient resources to pay the judgment and costs.This is one way professional tenants "game" the system.They file a worthless appeal bond and not a pauper’s affidavit.This way, their action does not trigger the requirement of paying rent into the justice court registry.However, the bonds they post are defective or supported by sureties who do not possess sufficient resources to pay the judgment and costs – a fact the landlords often find out too late.Biggerpockets used to be a fun and informative place with a collegial atmosphere.However, I’ve noticed that a lot of know-it-alls, self-promotors, and unsavory characters have weaseled their way into the forums and podcasts for nefarious purposes.

The debt remains, however the lien holder cannot hold the property as collateral any longer, unless the prior owner files Bankruptcy within the redemption period, and sometimes beyond that period.

If you add your son to the title to your rental property, then the property is exposed to liability in the event your son is sued or declares Chap 7 bankruptcy.

Filed bankruptcy & it was discharged 12/26/2013. 2.

Also, what happens if the taxpayer files bankruptcy during the redemption period?

Some matters in court can be pretty basic stuff, like an eviction or showing up as a creditor in bankruptcy issues, you may need an attorney for these proceedings.I've also found many changes in our state corporations law, so you really need to begin there, I've set up a bunch of LLCs and I review the laws each time before I do anything.

I saw on television this morning that the mafia unions trying stop Detroit from filing bankruptcy.