money management bankruptcy
Monday, November 8th, 2010
What are tenants rights in apartment building forclosure/bankruptcy?
What rights do tenants have in NJ when the owner of the apartment building they live in forecloses and settles in bankruptcy? Building is run by a management company telling us there is no more money to fix anything. That they want us out. They said if the lights and electric go out they will put us out. The bankruptcy trustee came to the building last week with city code officials trying to close the buildings down and take tenants to shelters. We were told by his mouth that we have maybe 2 weeks to a month before we will be forced out.
I am paying rent. most tenants have fled..moved, scared of being put out on the street. I live in rent control building, rent will double elsewhere. I am very concerned and scared. This is my home. HELP PLEASE. I can be reached at dadudenj@yahoo.com. Thank you much.
Signed,
Concerned in NJ
You have zero rights at this point. Once the city gets involved, they can force you out will little or no notice. Find a new place to live quickly before your forced out into the street.
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