Wellborn, FL Bankruptcy Law Firms & Lawyers

You can, but it probably will not accomplish what you expect.  Corporations can file either Chapter 7 or Chapter 11 bankruptcy.  Chapter 11 is used to reorganize debts and stay in business.  Chapter 7 would be used to go out of business and have a trustee liquidate any assets of the corporation to pay its creditors whatever is available.  However, corporations do not receive a discharge of debts in a Chapter 7 case, so it is never really necessary to file a Chapter 7 for a corporation except to take away the responsibility of the corporate officers to sell the assets and pay the creditors.     The real issue in 99% of these types of cases are the personal guarantees and personal liability of the corporate officers.  If they are liable for any of the corporate debts, they are going to be liable regardless of whether the corporation files a bankruptcy case (unless, of course, the corporation pays 100% of the debt somehow).   So usually it is a personal/individual bankruptcy case that is warranted rather than a "commercial bankruptcy" as you stated.   

This is not a bankruptcy question, but yes, a creditor can obtain a judgment and then place a lien against property as part of their post-judgment collection efforts. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.    

You should continue to pay the rent to the owner until the property is no longer in the owner's name. This takes place on the 11th day after the sale, following a final judgment of foreclosure, which is usually a minimum of 30 days after that.