Glankler Brown Business Law. Period.
Topic: Consent Order
Tenant Bankruptcy Filings: What They Mean & What You Should Do
Posted by Josh Kahane on January 12th, 2012
A tenant bankruptcy filing will impede a landlord's ability to proceed with filing an eviction proceeding or carrying out the court-ordered eviction process. A tenant can stop an eviction by filing for a Chapter 7 (Liquidation) or Chapter 13 (Wage Earner) bankruptcy. Once the tenant files for bankruptcy, federal law, under 11 U.S.C. §362(a)-(b), imposes an "automatic stay" which prevents all creditors, including landlords, from pursuing repayment of debt and/or eviction.
Topics: Landlord, Tenant, Bankruptcy, Chapter 7, Chapter 13, Creditor, Debt, Eviction, Consent Order, Rent, Occupancy, Lease Agreement, Proof of Claim, Multi-Family, Managers
