Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
How was the lease rejected?
Is this for a private house, of for an apartment?
If surrendered, the property will be taken by the Bankruptcy trustee and sold, or foreclosed by the bank. Unless the property has equity (market value more than balance on the mortgage), the property will be foreclosed by the bank.
Until you receive notice of one or the other, the rent continues to be payable to the landlord, and once the property is transferred (to the trustee or to a new owner if a foreclosure), at that time the rent will be payable to the trustee or new owner.
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