bankruptcy now what: Has your tenant or borrower filed a BK? Are you Screwed?
- 11/10/20 11:25 AM
I have recently had a borrower file a bankruptcy one week after the loan was completed. Now what? I have called my attorney David and asked him what is going on? He said the person filing the Bk is a “serial filer”. He sent me this explanation on the rules and regulations. I am not an attorney and get confused with all this legal jargon. So here is what he said. I have added my comments in Blue.
My recommendation if you are facing a BK proceeding that you work actively with a good attorney, (like David Knapper) and get ahead of … (1 comments)
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I have recently had a borrower file a bankruptcy one week after the loan was completed. Now what? I have called my attorney David and asked him what is going on? He said the person filing the Bk is a “serial filer”. He sent me this explanation on the rules and regulations. I am not an attorney and get confused with all this legal jargon. So here is what he said. I have added my comments in Blue.
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