Tenant declared bankrupt
I have received a letter from the Insolvency Service informing me that the husband has been declared bankrupt on 5/2/08. They have requested a copy of the AST and if I have taken any action to terminate the lease.
I note from the AST that I can reposses in these circumstances. However, they have proved excellent tenants and I do want to retain them, as long as they pay their rent. I have noted that the rent now comes from the wife's bank account rather than his.
Please would you advise what action I should take to protect my rights and do I need to cooperate with the Insolvenct Service. If I do, then what are the implications.
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