Question by deployedbride: If my old tenant files bankruptcy, will we ever see the money they owe us?
My tenant moved out without paying for last month’s rent, the early termination of lease fine and damages to the house. We have asked them several times if they would pay and even offered a payment plan but they have stated they are going to file bankruptcy. We have yet to see any paperwork regarding this. If we file with small claims now, will we lose all our money if they go bankrupt?
Best answer:
Answer by Elliott M
depending on the number of creditors you could receive pennies on the dollar.try to file in small claims then have the sheriff execute a court order to recover property of equal value before br proceedings good luck
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