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T O P I C    R E V I E W
Adam.p Posted - 09 March 2011 : 13:17:06
I am a private landlord and going bankrupt, i can not afford to give back deposit to tenant....what should i do...can i get in trouble

3   L A T E S T    R E P L I E S    (Newest First)
Adam.p Posted - 09 March 2011 : 14:35:31
will do thanks richard, deposits are not held in holding account

Richard P Posted - 09 March 2011 : 14:07:17
Hi Adam

As a self employed landlord who had to go BR (and reading your other thread.)

My tax liability was included in my bankruptcy

I took guidance and did not position myself for bankruptcy until all of my tenants had the opportunity to find alternate accomodation.

easier said than done.

my tenants had paid me the deposits and this had been held in a TDS (tenancy deposit scheme).

before digging the hole any deeper i would suggest contacting directly one of the experts

Richard
debtinfo Posted - 09 March 2011 : 14:03:59
When did the teant move in if it was in he ast couple of years then the deposit should have been held in an officially sanctioned scheme

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