Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What happens with my rental during/after bankruptcy? - Our chapter 7 bankruptcy was discharged a few weeks ago. We have 2 rental houses that our tenants still live in. We were not allowed to collect rent during the bankruptcy filing. However, we are now collecting enough rent to make sure we can keep up on the property insurance and have some extra money in case anything goes wrong, since we're still technically responsible for the houses.
So what I am asking is, we have not made a payment on the houses since like August. Our discharge was in December. How much longer will we have these houses? Why would they not want to take possession right away?
I mean, I guess I don't mind making a little money while all this is happening, but how much longer can this go on? I would actually kind of like them to just take the house so we can be done with it.
Also, my lawyer said we will not owe anything once they take the houses, and that we will not have to claim the deficiency as income on our taxes. (ohio). Does that sound correct? -
