Legal Question in Bankruptcy in Arizona
Risk to landlord due to bankruptcy
If I enter in to Rental Agreement with a new Tenant who intent to file for Bankruptcy. What is my projected Risk.
Asked on 1/16/98, 11:04 am
1 Answer from Attorneys
Mark Sullivan
Mark R. Sullivan - Attorney at Law
Projected risk in dealing with tenant
You could lose any back rent owed you. Do not let this tenant get behind in the rent. If this is a commercial agreement you may have greater risk, but I view that risk as slight to moderate so long as the tenant is current with the rent.
Answered on 1/21/98, 9:07 am
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