Contrary to popular belief, landlords can use multiple strategies to recover rent from bankrupt tenants. Landlords often believe that once their tenant files for bankruptcy, there is little that can be done to recover from the tenant. While it is entirely possible that a tenant’s bankruptcy filing could result in a goose egg, active monitoring of the bankruptcy case will maximize recoveries. Below are a few key strategies:
RSK: If you are a landlord or property manager listen up on this one...you can get money after a tenant declares bankruptcy...but my advice would be to hire an attorney to make sure you meet all the petitions and deadlines. | ||
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