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General Landlording & Rental Properties

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Lindsay Wilcox
  • Multi-family Investor
  • Indianapolis, IN
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Tenants Filing Bankruptcy to Avoid Eviction Repayment?

Lindsay Wilcox
  • Multi-family Investor
  • Indianapolis, IN
Posted Aug 27 2014, 15:26

I just had to evict some tenants, and they told me that if I get a judgment against them, they'll "just file bankruptcy so [I] never see a dime."

My first instinct was to laugh out loud, but then I thought, "Hold on--these people really don't have anything to lose. And they're stupid enough that they just might try something any sane person would realize was idiotic. I wonder if..."

Anybody have tenants try that before? I'm in Indianapolis if you happen to have local experience, but if not, still love to hear your story. Or, for that matter, any other story that made you wonder what on earth your tenants were thinking!

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