isurv

Impact of bankruptcy

Impact of bankruptcy

In recent times there has been a dramatic increase in the growth and popularity of the rental market. One of the most popular topics at the moment is individual debt and the reasons for falling into debt; be it entering the vicious circle of short term loans, bad debt prioritisation or even wilful default. A landlord should foresee that there may be a situation where their tenant cannot pay their rent and should be practical in their approach to the issue.
This category considers the options available to a landlord in the event that tenants fail to pay their rent and how these rights differ when tenants become insolvent.