Can Back Rent Be Included in Chapter 7
Back Rent Is Dischargeable in Bankruptcy, but There Are Ramifications. in a Chapter 7 Liquidation Bankruptcy, the Trustee Has Control over Whether You Assume...
Back rent is dischargeable in bankruptcy, but there are ramifications. In a Chapter 7 liquidation bankruptcy, the trustee has control over whether you assume or reject the lease. In a Chapter 13 reorganization bankruptcy, you can determine whether you assume or reject the lease.
Can back rent be included in bankruptcies?
Back Rent Is Just Like Any Other Debt People are always surprised to find out that back rent owed to a current or previous landlord is simply unsecured debt. This means that it is treated exactly the same as credit cards, medical bills, personal loans, etc. and can be included in bankruptcy.
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Is back rent an unsecured debt?
In bankruptcy back rent is treated like an unsecured debt. This means that it is treated just like you medical bills, credit card debts, and personal loans.