Legal Question in Bankruptcy in California

If i file bankruptcy, it will include 2 investment properties, consumer debt and medical bills.

1. From the date of filing, how long can i expect it to take from filing to finish?

2. a. Do the tenants get notified by the trustee or court or do I do that? b. Are they notified immediately after I file, if not about how many weeks or months before they are?

3. Are the tenants forced to leave or is there any possibility that the buildings will be sold or taken over during the bankruptcy by a trustee and the tenants remain and just pay their rent to someone else.

3. Should I notify my mortgage lenders and other creditors that I will not be able to pay my bills and will be filing bankruptcy or do I just stop paying and let the creditor calls and come?

4. One of my mortgages and some of my consumer debt bills are paid automatically out of my bank account. a. How do I stop those? b. Should I just close the bank account? c. Should I notify the creditors first?


Asked on 8/25/09, 1:29 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Hate to say it -- it sounds like you might want to either retain or at least have a consultation with an attorney. You have a complicated situation because of your properties, especially if you want to try to retain the properties.

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Answered on 8/25/09, 5:24 pm


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