by ern » Fri Dec 16, 2011 5:56 am
Let me get this straight:
(1) You rented to a guy who admitted he would not have any money for 4 months.
(2) You took him to court and have a $975 judgment against him.
(3) Your renter is threatening to file for bankruptcy.
(4) You know that the guy "does not have anything"
(5) You want to ruin his credit so he does not do this to anyone else.
I have some comments (worth what you paid for them, or less):
(1) This was your first mistake
(2) You can't squeeze money out of a stone -- if you have a $975 judgment against him but he "does not have anything" how do you propose he come up with $975?
(3) Could be a bluff to get you off his back but if you already have a judgment against him, I don't think that him filing bankruptcy will extinguish existing judgments so this will not really affect you.
(4) Your second mistake
(5) A third mistake in the making. See if you can get maybe half of what he owes you or even 25% of what he owes you -- it'll be better than nothing which is the way you're headed with this. If he can't afford rent, was unemployed because he was in school, I'm guessing his credit rating is probably already pretty low so your attempts at "ruining his credit" are probably futile.
Suggestions:
Owning rental properties are a luxury most people do not have. Clean the apartment up and re-rent it. Write off the $975 as a cost of doing business. Move on with your life.
Again, my advice is worth what you paid for it.
Good luck!