Giving my house on rent while bankrupt Giving my house on rent while bankrupt

6 years ago

Hi

My family has been bankrupt for quite some time now. We have been living in a big property which we thought would be a more convenient source of income if we rent it out, and rent in an apartment for half its price. Is this risky? Will the creditors take our original property while we are not living in it but are still dependent on it for income? What should we do, please advice?

Adv. Sarika Khude

Responded 3 years ago

A.This case is not legally sustainable.
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Deepak Yashwantrao Bade

Responded 4 years ago

A.dear client This case is not legally sustainable.
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Johnson Thangiah

Responded 6 years ago

A.Sir,
This case is not legally sustainable.
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Ambrose Leo

Responded 6 years ago

A.A.It is risky to let out the entire property.However you can let out a part & live in the rest of said property making short period arrangement.

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