A common question from my clients is “My Tenant just declared bankruptcy and I got the notice in the mail today.  What does this mean for me as the landlord/property manager/investor?”

Here’s a single page, well-written explanation from this month’s National Association of Residential Property Managers (NARPM) magazine of what to do/what not to do.

Landlord Loses Because Tenant Went Bust, Broke, and Bankrupt

As with other legal issues, it’s best to seek counsel from an attorney in your state/city who deals with these issues in their primary practice.

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