Originally Posted by The Big D
I hate it from an ethical standpoint when people freeroll on bankruptcy law like that, but it is a VERY effective strategy for restructuring leases and contracts.
Until he calls your bluff. Most business men won't care about a bankruptcy like that, especially if they have nothing to lose from you except for a lease.
I know if someone rolled up in my offices threatening me trying to get me to change my prices, I'd tell them to go to hell and then pursue them with every bit of legal power I had for their rent.
However, if someone walks up to me and sits down at the table and says "Hey, I'm going through a rough space right now, is there anything we can do about the rent for a few months until I make it through?" I'm going to be far more apt to work with them.
But that's just me. I highly doubt your threat of bankruptcy will make much of a difference.