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Formerly Sued Tenant has filed Bankruptcy?
My WV tenant moved out early breaking the lease, but were also in arrears for missed payments. I obtained a court's judgement against them, so it's on record that they owe me $5000. Since then, they filed bankruptcy. I know she's broke from the housing crush, and her husband is a complete idiot that blew all their savings. I spoke with her lawyer, but he's not allowed to say anything to me.
So, what can I legally do, what is the process to follow, and/or what is my best course of action?
(I was hoping to sell the judgement to a collections agency for 50%, now I'm hoping to get 10%.)
"Leaving them alone" is not an option. I run a business, not a charity.
(I do have a charity, but this one isn't it.)
4 Answers
- lcr000Lv 79 years agoFavorite Answer
Bankruptcy wipes out all debts no matter when they occurred, you have no recourse to collect anything, everything you won in court is dismissed
- shizzleLv 79 years ago
bankruptcy won't cancel a pre-existing judgement, but there's little chance you'll receive any payments for the next several years, as they'll already have a super crappy credit record with the bankruptcy on there.
