Pros and Cons of Bankruptcy
Rent Arrears

0 Thanks
8 Posts
11 years ago
We have a tenant who owes us £4500 due to us not checking bank statements etc. Now would appreciate advice as to best way of recouping some of this money. Tenant does work but also gets some benefits. Would like to know if it is better to seek possession and try to recoup the money somehow or is it better to try to threaten her with bankruptcy and and see if that makes her come to some payment plan? Your advice appreciated.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.