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What to Do When a Tenant Files BankruptcyCCIM Institute Form

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What to Do When a Tenant Files BankruptcyCCIM Institute Form

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hi my name is Natalia Willett and I am a real estate attorney here in the state of Florida and today I wanted to talk to you about five things that you must know in the event that your tenant files for bankruptcy relief so you get a notice from your tenant stating that they have filed for bankruptcy relief almost always it's going to be chapter 7 bankruptcy relief but it could be chapter 11 if your tenant is a commercial tenant the application is very similar so number one you are subject to the automatic stay you could no longer go try to collect past rent owed and oftentimes if they've filed for bankruptcy relief then they're more likely than not delinquent so just be aware the automatic stay applies to you you can't file for anything you can't file for an eviction you must stop all collection actions unless you your tenant has already been in a landlord tenant eviction case with you you've gotten a judgment for eviction and the only th

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