03.18.09

Landlord Corner

Posted in Bankruptcy/Creditor Rights at 11:07 pm by Eric

Your tenant go bankrupt? It’s time to analyze. A few possibilities: (1) You have an unsecured, non-priority pre-petition claim for rent and other lease charges that came due due prior to the bankruptcy filing; (2) You have an administrative expense claim for rent and lease charges after the filing; (3) You have an unsecured, non-priority claim for damages for rejection of the lease.

It gets pretty complicated. If you have a lot of money on the line, consult a professional.

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