A recently BK tenant might just be the best kind. He can't do it again for lots of years, and is rid of his other debts, so has no excuse for not paying on time.
In addition, I'd be more worried of a person whose been through foreclosure versus a person who has been bankrupted but did not include the rent or foreclose on a property. Not to mention they cannot file for another six years. Lastly, I'd say a good portion of bankrupted people had problems in paying interest bearing accounts as opposed to rental/leasing agreements.
When you say "bankrupt tenant" do you mean one who is currenly in bankruptcy or who was already discharged from bankruptcy? If discharged, then u are free to negotiate with that person as you would any other. If currently in bankrtupcy u would want to speak with the trustee as any debts incurred will ultimately have an impact on the bankrtupcy estate.
A recently BK tenant might just be the best kind. He can't do it again for lots of years, and is rid of his other debts, so has no excuse for not paying on time.
In addition, I'd be more worried of a person whose been through foreclosure versus a person who has been bankrupted but did not include the rent or foreclose on a property. Not to mention they cannot file for another six years. Lastly, I'd say a good portion of bankrupted people had problems in paying interest bearing accounts as opposed to rental/leasing agreements.
When you say "bankrupt tenant" do you mean one who is currenly in bankruptcy or who was already discharged from bankruptcy? If discharged, then u are free to negotiate with that person as you would any other. If currently in bankrtupcy u would want to speak with the trustee as any debts incurred will ultimately have an impact on the bankrtupcy estate.
J