My question involves bankruptcy in the state of: California
I recently received notice that my landlord is filing for Chapter 7 Bankruptcy. I then received a second notice entitled Notice of Hearing on Motion to Abandon Assets or in the alternative operate the business of the Debtor. I called my landlord once I received the first notice. She stated that they were going through a consolidation and need to file in order to do that. She assured me that it was business as usual and that my security deposit and pet deposit were fine.
In speaking with my neighbor, he states that this is bad news and even though we received a notice on which properties were involved(ours wasn't listed) he says that we are still on the paperwork and that is why we are receiving notices because we are listed as creditors. My questions is what do I do.. Do I move out? Is my deposit going to be there? and what is my recourse against my landlord if I found out they were lying?