When you file for bankruptcy, you must assume or reject all of your leases or executory contracts. An apartment lease can be assumed if you are current in your payments and want to continue to pay on the lease. This would allow you to remain in the apartment for the remainder of the lease. If you desire to move out of the apartment, you can reject the lease at the time of filing for bankruptcy and the deficiency will be discharged after you file.
Tags: Concerns About Filing For Bankruptcy, Property and Assets
