what happens to my security deposit when my apartment owner files a chapter 13 bankruptcy?
my apartment owner filed a chapter 13 bankruptcy, i think he is giving ownership to the bank, so what happends to my security deposit? Does he give me it back or anything,, thanks
You go on the list of debtors just like everyone else. I’m not sure where you fall in the pecking order, it’s possible you’ll lose it or have to wait 8 years to get it back (which is about the same).
When the bank takes the building, ask them if your deposit is still good. They might cover it.
This entry was posted on Friday, January 29th, 2010 at 9:09 am and is filed under chapter 13 bankruptcy. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
You go on the list of debtors just like everyone else. I’m not sure where you fall in the pecking order, it’s possible you’ll lose it or have to wait 8 years to get it back (which is about the same).
When the bank takes the building, ask them if your deposit is still good. They might cover it.
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January 29th, 2010 at 2:30 pm