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Bankruptcy Law – Its Impact Upon Landlords
While our firm does not practice in bankruptcy court, we often come across bankruptcy issues when occupants and tenants in property file bankruptcy. It is important for a landlords and investors to know that if it is the occupants first bankruptcy in 12 months, an automatic stay will apply. This means that the landlord or investor must get permission from the bankruptcy court (lift stay order) granting permission to pursue an eviction. The issue often becomes more complicated, however, when the person is a serial bankruptcy filer, meaning that they repeatedly file bankruptcy in a short period of time. The landlord or investor’s rights may change. Click here for an article written by Attorney David Knapper, who regularly works with our firm in representing landlords and investors in bankruptcy court.