Real Estate/Development,
Bankruptcy
Mar. 15, 2018
Landlords must know the rules when tenants file for bankruptcy
The filing of a Chapter 11 bankruptcy petition by a tenant can pose potential financial and administrative problems.
Stuart B. Rodgers
Lane & Nach, P.C.Phone: (602) 258-6000
Email: stuart.rodgers@lane-nach.com
Stuart practices in the areas of bankruptcy law, civil litigation, tax lien foreclosure and creditors' rights. This article should not be considered or construed as legal advice on any fact or circumstance. You should consult your own attorney regarding your own personal situation or any legal question you may have.
For landlords, the filing of a Chapter 11 bankruptcy petition by a tenant can pose potential financial and administrative problems. In some instances the failure of a tenant to timely pay rent, or the tenant's failure to pay the full amount of the rent, places the landlord in a difficult financial situation. If the property is not re-leased in a timely manner, the landlord itself may face the prospect of insolvency.
Despite these di...
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