What do I do with any unexpired leases or contracts when filing for bankruptcy?

If you are filing for bankruptcy in Mississippi and you have unexpired leases or contracts, it is important to understand your obligations under the law. Generally, when filing for bankruptcy, you will need to list any unexpired leases or contracts in your bankruptcy paperwork. This should include any lease for personal property, such as a car, as well as leases for real estate. You must continue making payments on any lease or contract listed in your bankruptcy petition for the duration of the lease or contract. This means that you may be able to keep using the property you are leasing, but you must pay the fees for the entire length of the lease or contract, according to the payment schedule that has already been established. If you are unable to make these payments, you may have an option to reject the lease or contract in your bankruptcy case. This option allows you to walk away from the lease or contract and stop making payments. However, if you decide to reject the lease or contract, you must also return the property to the owner. When filing for bankruptcy in Mississippi, it is important to understand your legal obligations in regards to any unexpired leases or contracts. It is advisable to speak with a bankruptcy attorney for legal advice on how to best handle any lease or contract obligations.

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What do I do with any unexpired leases or contracts when filing for bankruptcy?

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