If you’re a landlord, it’s likely that you’ll come across a tenant who files for bankruptcy at some point. Here at Tschetter Sulzer, we receive calls from landlords dealing with tenant bankruptcies on a weekly basis. A bankruptcy filing results in an automatic stay against creditors, including landlords, and brings an eviction action to an immediate halt. Short of waiting out the bankruptcy before evicting the tenant, which can take up to four months while the tenant lives in the property without paying rent, the only recourse the landlord has is to file specific paperwork with the bankruptcy court to obtain permission to proceed with the eviction. The process usually takes about six weeks.
TS files cases in Bankruptcy court every month and our team knows the ins and outs of the system. We are often able to negotiate a settlement with the tenant’s attorney to have the tenant move out quicker than it would take to go through the whole process.
Our attorneys can assist you with bankruptcy lease issues and guide you through every step of this sometimes-daunting process. Our clients rely on our expert guidance to help them navigate the challenging waters of the bankruptcy court system. TS attorneys use proven legal know-how to handle bankruptcy issues. We also assist secured creditors with their legal needs.
Tschetter Sulzer combines the years of experience, skill and breadth of achievement typically found at large law firms with the responsiveness and individual attention characteristic of smaller practices. With decades of experience spanning a broad array of legal disciplines, TS brings the collective talents and abilities of its attorneys to its clients efficiently and effectively, and at far more reasonable rates than found at larger firms. At TS, every client, large or small, receives personal attention from one or more of our highly rated attorneys, another value-added approach to our clients’ legal needs.