District of Columbia Landlord Bankruptcy Clause

State:
Multi-State
Control #:
US-OL28042
Format:
Word; 
PDF
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Description

This office lease clause states that in the event the tenant becomes a debtor under Chapter 7 of the federal Bankruptcy Code and the Trustee of the tenant's property or the tenant elects to assume the lease for the purpose of assigning the same or otherwise, such election and assignment may only be made if all of the terms and conditions are satisfied. If such Trustee shall fail to elect or assume the lease within sixty (60) days after the filing of the petition, the lease shall be deemed to have been rejected.


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FAQ

Interference with police. Any willful interference with the Chief of Police, or with any member of the police force, by any of the persons named in § 5-117.01 [repealed], while in official and due discharge of duty, shall be punishable as a misdemeanor. (R.S., D.C., § 407.)

Personal Property D.C. bankruptcy exemptions include: Household furnishings, household goods, clothing, appliances, books, animals, or musical instruments not to exceed $425 per item or $8,625 in total. § 15?501. Up to $1,625 in professional books, or tools of your trade.

Specifically, Section 15-501(a)(14) of the DC Code (the ?Homestead Exemption?) provides that a DC resident's home is ?free and exempt? from ?attachment, levy or seizure and sale on execution or decree of any court in the District of Columbia?? in its entirety.

As a condition to appointment, a personal representative, whether in a supervised or unsupervised administration, shall file (a) a statement of acceptance of the duties of the office, (b) any required bond, and (c) a written consent to personal jurisdiction in any action brought in the District of Columbia against such ...

The Bankruptcy Means Test in District of Columbia helps you estimate whether you qualify for Chapter 7 bankruptcy. The first part of the means test is based on your income relative to those in District of Columbia and household size. The second part deals with your expenses.

(a) A mortgage, deed of trust, assignment for the benefit of creditors, or bill of sale upon exempted articles is not binding or valid unless it is signed by the spouse or domestic partner of a debtor who is living with his or her spouse or domestic partner.

§ 15?501. Exempt property of householder; property in transitu; debt for wages. (15) if the debtor is a notary public, the debtor's official seal, as defined in [§ 1-1231.01(11)], and official documents.

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District of Columbia Landlord Bankruptcy Clause