The Landlord Guide To Commercial Rent

Tenant has been declared bankrupt, or petition for bankruptcy of tenant is pending.

Can Landlord Forfeit?

Yes, either by proceedings or by peaceable re-entry, but a court may order a stay.

Can Landlord Distrain?

Yes, but subject to a maximum of six months prior to commencement of bankruptcy. Furthermore proceeds of any distraint carried out during the three months prior to the bankruptcy order are charged for the benefit of preferential creditors.

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