Sure! Rent is not a bankruptcy issue.
HIS portion of ownership may well need to be transferred (bought out), during the BK to pay his creditors. That can normally happen by the other TC owners doing so (sometimes favorably), or to another party.
Yes.
Yes you do. You're still receiving services -- in this case a place to live -- so you still are required to continue your agreement and pay rent.
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
A business cannot file a chapter 13. But a person can be evicted if he does not pay rent.
of course, unless you want to live on the street. Rent is not what one would consider a bill for creditors to look at, and while filing for bankrupcy, it is the loans that are of question, such as financial institutes, credit lines, etc. Not rent. So pay the rent my friend.
The bankruptcy has nothing to do with the landlord. If they pay the rent, they can stay; If they don't pay, they gotta go.
Not paying rent is grounds for eviction. Most courts won't care about the bankruptcy, and most bankruptcy judges will not stop an eviction.
Govt insured or guaranteed loans are NOT able to be discharged in BK.
Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.
You can file bankruptcy for two possible reasons: you are unable to pay your debts or your creditors file for bankruptcy if you owe them more than 1000 dollars.