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Posted: Sat Jan 19, 2008 12:22 pm
by wen
I lost the lease on my business due to rental arrears, and subsequently that was the end of my business.
As the landlord took possession of the lease/premises due to the rent arrears, is he able to claim them again through my bankruptcy, and should I list him as a creditor?
Posted: Sat Jan 19, 2008 12:23 pm
by wen
Also, do I need to list the lease as an asset that was disposed of?
Posted: Sat Jan 19, 2008 12:36 pm
by MelanieGiles
Yes - your landlord will be a creditor in the bankruptcy in respect of unpaid rent and future rental payable until he can find another tenant.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Sat Jan 19, 2008 12:39 pm
by wen
He took the business back on himself, so is not looking for another tenant, but thanks for your reply [:)]
Posted: Sat Jan 19, 2008 1:06 pm
by MelanieGiles
Just mention the fact to the OR when you have the interview. The lease is not an asset which has been disposed of.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp