When the landlord goes bust 

Earlier this year, the Bethany Group LLC, a California-based owner of apartment complexes, filed for Chapter 11 bankruptcy protection, sending tenants in 15,000 apartment units across 58 complexes into residential turmoil. But, the residents had already been in a kind of domestic purgatory as the ownership group weeks before had stopped paying its bills, including salaries to the employees who worked at the various apartment complexes.

As the Bethany Group teetered, lawns weren't being mowed, trash was not picked up, and in some cases water bills weren't being paid.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.