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cite="mid:bf8b868f-6a48-2d3c-000f-b3dc78c6c179@longlaw.biz">
<div class="moz-cite-prefix">On 1/23/23 17:46, Andrew Hay wrote:<br>
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<div class="WordSection1"> Landlords are invariably more wealthy
than tenants.<o:p></o:p> </div>
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<p>One of the things I learned from practicing bankruptcy is the
party that is owed money is not necessarily more financially
secure than the party that owes the money. That was one of the
problems I had with the Covid renter relief that was put into
effect. To be entitled to the relief the tenant did not have to
make any showing that they were in any way impacted by Covid. And
the landlord was offered no opportunity to show they were
suffering severe harm. This was very unlike bankruptcy court
where the court will consider the harm imposed on the creditor
from continuation of the stay. During Covid it's entirely
possible a tenant not paying rent was employed by Amazon for
$150,000 a year, working at home, and in no way financially
adversely affected by Covid. But their landlord would have been
prohibited from any form of court relief.<br>
</p>
<p>But as to this point, landlords do end up in Chapter 7
bankruptcy. One of my clients early on moved here from out of
state after the real estate market in his area collapsed. He
owned four or five rental houses, as I recall, and lost them all
and filed Chapter 7. And I've seen others moving for relief from
stay where they were retired and needing the rental money for
their living expenses. The court would take that into account in
rendering a decision.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
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