Bankruptcy

questions & answers

Question: When filing bankruptcy do I need to include the leased land I have in South Dakota on the schedule?

Answer:

The answer is different depending on whether the person is a renter or a landlord of property. Generally, landlords need to list all land, since real property is considered an asset. Renters generally need to disclose any leases, since they are contracts or unexpired leases. However, this may change depending on the length of the lease.

You may want to consult with an attorney to find out how the law applies to your specific situation. In addition, Arizona has a Bankruptcy Hotline where you can speak with the Bankruptcy Court self service center and depending on the situation, you may be able to speak with a pro bono attorney. The hotline number is (866) 553-0893.

QUESTIONS

  • When filing bankruptcy do I need to include the leased land I have in South Dakota on the schedule?

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