Bankruptcy Landlords

Bankruptcy landlords are property owners who have filed for bankruptcy due to financial difficulties. When this happens, their assets, including rental properties, become part of the bankruptcy estate and are managed under court supervision. This process can affect tenants, as the landlord's financial issues may lead to lease modifications, delays, or potential loss of the property. Bankruptcy law aims to fairly resolve debts while providing tenants with certain protections, though the impact varies based on the specific case and type of bankruptcy filed (e.g., Chapter 7 or Chapter 13).