Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Thank you for your question. I am happy to assist you.
The security deposit is not your money. It is the tenants money that you are holding in trust for them. The entire amount should have been turned over to the bankruptcy trustee.
The house, unless you claimed it as an exemption, is not yours. It is part of the bankruptcy estate. You should not be doing the walk through or dealing with the tenants.
I hope that the information which I provided was helpful to you.
Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.
Thank you, FLANDNYLAWYER
THIS IS FOR INFORMATION ONLY. NO ATTORNEY-CLIENT RELATIONSHIP EXISTS. PLEASE CONSULT A LAWYER IN YOUR STATE FOR LEGAL ADVICE
I the house is part of the bankruptcy. Our br lawyer did not ask for the security deposit to be placed as part of the bankruptcy trustee. We plan on giving the deposit back but because we left our washer & dryer and fridge freezer with them we held the deposit. They are saying we have no claim on the security deposit at all, we thought if their was damage to our property we could deduct for that, but I think from your answer do not.