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Is there a law that states that if a tenant is renting a home and the landlord declares bankruptcy and is abandoning the property to the mortgagee then the tenants can make payments to the bank?
Wiki User
∙ 14y ago
There's no law that says the bank has to take the tenant's money. However, the Federal Protection of Tenants in Foreclosure Act requires the bank to give tenants 90 days to vacate.
Wiki User
∙ 14y ago
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How is the tenant affected when a landlord files Chapter 7 Bankruptcy?
It depends on the way the house is included in the bankruptcy. If the mortgage is up to date and the landlord is reaffirming the mortgage, there should be no effect. If the landlord is abandoning the property to the mortgagee, you will either get a notice to start paying rent to the mortgagee or a notice to quit or both. Talk to a bankruptcy lawyer right away, as there are some things you may be able to do to delay things or get help moving.
What does happen if a landlord keep on taking rent even if the landlord had filed for bankruptcy himself?
The landlord's bankruptcy has nothing to do with the tenant. The tenant still owes the rent.
How do you drop a property co signer?
You need to discuss it with whoever you co-signed a legal document with: mortgagee, landlord, lender, etc. If it's a loan, it usually must be paid off.You need to discuss it with whoever you co-signed a legal document with: mortgagee, landlord, lender, etc. If it's a loan, it usually must be paid off.You need to discuss it with whoever you co-signed a legal document with: mortgagee, landlord, lender, etc. If it's a loan, it usually must be paid off.You need to discuss it with whoever you co-signed a legal document with: mortgagee, landlord, lender, etc. If it's a loan, it usually must be paid off.
Are you required to move if your landlord files bankruptcy?
The basic rule is as follows: if your landlord files bankruptcy that is a matter between your landlord and his creditors, not you, the tenant. You are still required to pay rent or be evicted, as long as your landlord has control over the property. This applies to whether the landlord has filed for bankruptcy or if the property is under foreclosure. In either case, if you end up staying on the property, the new landlord will provide further instructions on whether to stay or to move.
Can my ex-landlord collect unpaid rent during my bankruptcy I no longer live there discharge was July rent due was for June?
Not if you listed your landlord as a creditor on your bankruptcy petition and that there is excess property to pay your landlord after secured creditors and your exemptions. Unpaid rent is an unsecured debt. If a judgment lien is filed, you can avoid it if filed shortly before bankruptcy filing.
Can someone filing for bankruptcy list their landlord as a creditor if they are behind on their rent?
Yes
How can a landlord collect rent when a tenant files bankruptcy?
Bankruptcy has nothing to do with the tenant. If a bank forecloses on the mortgage, US federal law requires the bank to give the tenants a 90 day notice to quit, if they want the building emptied. But, it could be that the landlord will survive the bankruptcy, and there will be no foreclosure.
How do you get money owed to you from a landlord if he says hes filing bankruptcy?
If you're in Texas.... GOODLUCK!
Can past due rent be filed under bankruptcy?
Yes, but the landlord can evict you for nonpayment.
Can a creditor contact your landlord after you filed bankruptcy?
Yeah. It's called you being a dumbarsh.
How do you find out if your landlord included the condo in which she is renting to me in her Chapter 7?
The local bankruptcy court may have public documents that you can review, if you cannot get the answer you want from the landlord.
Do you list a landlord on the list of creditors in a bankruptcy?
You do if you owe him money. You must include ALL creditors.
