The dental practice claimed bankruptcy, and pulled all the chairs and equipment out.

Had we leveraged the house, we would have likely had to declare bankruptcy or do a short sale - which would have had killed my ability to invest as I rebuild my net worth.

Many/most new landlords have no reserve; a fickle market can quickly push them into foreclosure or bankruptcy.

I will tell you what items are holding back my credit.I have a Chapter 13 bankruptcy from 2005.

She could consider bankruptcy.

I started buying some local real estate, some commercial, mostly single family homes.I guess I got greedy and finally topped it off last year with an ocean front property at a great price.I now own 5 properties, most heavily mortgaged.I have been trying to sell the ocean front for the past several months and not getting any bites, have dropped the price by $400, 000, still no takers at $1.500,000.I have about $100,000 left in the bank, my monthly nut for all the properties and my overall expenses is around $26,000.My current income from rentals is about $5,000.I am going through a relationship split from hell, with my ex coming after 50% of the net worth, which of course is only on paper values.She has no legal standing on this as we are not married, but I feel the judge will make an emotional decision.My question is, should I file for bankruptcy, let some of the properties foreclose on the chance that something might sell in time to bring in enough income and/or just pay my own house and expenses, which would give me about 10 months time.Should I look for another investor to come in and fix up the ocean front as a vacation rental?

Even if Citi didn't write the first HELOC, if they purchased it or became an owner through bankruptcy of another lender, etc, their name would appear on the instrument since they are the new owners.

Long story short the bubble burst along with other misfortune and I ended up in foreclosure and bankruptcy.

If you are doing the subject 2 to rent out and the seller files a bankruptcy, then you need to deal with the renters and find them a place for them these are just things that you could be faced with I hope not.Joe Gore

Can you get divorce filings, bankruptcy filings, etc?