Bankruptcy – Social and private landlords

Your home is at risk if either you or your partner are bankrupt depending on whether your landlord is a social landlord or a private landlord:

• Social landlord

If your landlord is a social landlord, they are much less likely to be concerned about whether either you or your partner are bankrupt. However, they are likely to be concerned if you are in arrears with your rent and it is the existence of rent arrears which is likely to cause the problem rather than your status.

• Private landlord

A private landlord may have a term in the tenancy agreement which enables them to forfeit the lease in the event of a tenant being made bankrupt. As this would be a residential tenancy, they will still need to go through the normal possession procedures to recover possession.

Next Step

If you want to find out anything further about this topic then please feel free to call on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email me vee@navigatebr.com

This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising as a result of any person or organisation acting or refraining from acting on any information.