Archive for the ‘Renting & Real Estate’ Category

Is sell and back lease a good idea when filing for bankruptcy?

Posted on May 26th, 2010 by admin  |  4 Comments »

Lee asked:


Is selling and then leasing back my home that has no mortgage owed a good idea when filing for bankruptcy? I would be financing the home. And then renting it in order to keep my place of residence. Can they take your furniture and everything in the home to pay back the creditors?

What happens to my credit/rental history after filing a bankruptcy?

Posted on May 18th, 2010 by admin  |  4 Comments »

AppleCheeks asked:


I want to rent a house or apartment but everytime i call someone they say that once the bankruptcy is discharged that it will depend on my credit and rental history. well i thought that after you file, you dont have any of that? can somebody please explain that to me? thanks

How long does it take for a finance company to evict tenants once a property is relinquished thru bankruptcy?

Posted on April 12th, 2010 by admin  |  1 Comment »

Get Money asked:


I am about to begin my paperwork to file chapter 7 bankruptcy and was wondering how long it takes for the finance company to evict tenants from a relinquished property? i have renters there and want to give them notice about what is goin on so that I can try to avoid a law suit. i think the BK process takes about 90 days but was wondering as to how long i should tell my tenants they have before they are evicted. thanks in advance for your help