Tenant owes us 3700$ with intention to file for bankruptcy.
Hey there guys!
We forwarded 3700$ balance due to our former tenant, however most likely tenant won't pay as he mentioned on the phone he will be filing for bankruptcy. Our property is located in Lubbock, TX and tenant actually OWNS a property located in another part of Texas.
A few questions to see what the most cost effective solution for us is:
1. Can we put a lien against the property that he owns? What happens when he files for bankruptcy?
2. How much would it cost us to file a lawsuit in Lubbock, TX?
3. How much would it cost us to send the bill to collection?
I am trying to figure out how to pursue the matter. Thank you very much!