Is it wise to continue letting to a newly bankrupt tennant

[crazygirly]

I am renting my property to a tennant. She has rented from me since December 2006. Her tennancy agreement ends December 2007. She has just been made bankrupt and i have received a letter asking for proof of tennancy agreement, which i have. Is it a good move letting her continue to rent my house?

[Pippa68]

Has she aways paid rent on time? if so, I don't see why she shouldn't continue renting your property.

Remember that if someone goes bankrupt they usually find they have more money coming into their account as they are no longer paying huge credit card debts or loans.

When my husband went bankrupt a few years back (due to divorce & property debts) we continued in our rented accomodation. Paying rent was never affected either before or after bankruptcy.

[innocenti]

As long as she has paid her rent on time then her bankruptcy is none of your business. If anything she will have more spare cash as she no longer has any debts to pay.

[cascarelli]

I'm not sure you could evict her because she became bankrupt - not 100% sure on that one. If she's still paying rent then I'd continue as you are. She would need to owe at least two months rent before you could start the eviction process during a tenancy.

[IggyB]

crazy would be evicting the tenant as the tenancy is coming to a natural end she could simply not renew it...

CG as said i would expect this person to suddenly have more income available due to not having to try and clear massive debts so their wage will now be able to go a bit further - additionally if she somehow loses her job benefits will help with the rent should that be needed... so i agree with the others if the only thing you are worried about is her bankruptcy then i wouldn't worry anymore and just renew the contract