Cooperative housing and bankruptcy

[Scream2Death]

currently i am living in a Co-op; but it is a limited equity type

With limited equity, the co-op has rules regarding pricing of shares when sold. The idea behind limited equity is to maintain affordable housing. A sub-set of the limited equity model is the no-equity model, which looks very much like renting, with a very low purchase price (comparable to a rental security deposit) and a monthly fee in lieu of rent. When selling, all that is re-couped is that very low purchase price.


basically we pay rent of 540 dollars a month, can i get kicked out for filing bankruptcy?

need help! thanks =)

[keepmine]

If you're current on your rent, I don't see that they'd have grounds to evict you.

[Scream2Death]

thanks ; just so scared. these are coveted apartments. =(