I'm on the lease, current with the rend, and plan to keep paying the rent. Do I still have to list the landlord in my CH 7?
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The reason that you are compelled to list them, is because your lease is known as an (unexpired) Executory Contract. You must either assume (keep) or reject (break) the lease in the Bankruptcy. The lease is automatically assumed to be rejected on the date the petition is filed, if you don't otherwise assume the lease within 45 days of filing, and listing it on your Statement of Intentions.
Technically, the landlord could proceed with eviction if you didn't notify them (after the 45 days) and/or you reject the lease specifically.
So, with all that said, I can assume that you'll be assuming the lease? (Are you filing pro se? An attorney will correctly deal with this if you're filing with an attorney.)Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
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Originally posted by justbroke View PostThe reason that you are compelled to list them, is because your lease is known as an (unexpired) Executory Contract. You must either assume (keep) or reject (break) the lease in the Bankruptcy. The lease is automatically assumed to be rejected on the date the petition is filed, if you don't otherwise assume the lease within 45 days of filing, and listing it on your Statement of Intentions.
Technically, the landlord could proceed with eviction if you didn't notify them (after the 45 days) and/or you reject the lease specifically.
So, with all that said, I can assume that you'll be assuming the lease? (Are you filing pro se? An attorney will correctly deal with this if you're filing with an attorney.)
I am planning to file pro se. I have more time than money.
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