If you are considering filing for bankruptcy you may be concerned about whether you’ll be able to find housing. The good news is that you can rent an apartment after filing for bankruptcy. Even though a bankruptcy will remain on your credit report for seven to ten years, you will still be able to rent a home. Fortunately, there are other factors landlords take into account when considering renting to you.
Many people are intimidated by filing bankruptcy because they mistakenly believe no landlord will ever rent to them with a bankruptcy on their record. This is not the case. In most cases, individuals are able to secure reasonable housing after filing for bankruptcy.
If you need to find housing after filing a bankruptcy, a potential landlord will most likely run a credit report on you. When they review this credit report, they will most likely see your bankruptcy filing. However, the biggest concern for landlords is usually rental history and a source of income. If you don’t have any evictions on your record and are employed or have some source of income, finding housing shouldn’t be a problem.
Further, filing for bankruptcy shows that you have dealt with your debt problem. Before filing for bankruptcy, your credit report would have shown a high debt load or delinquent accounts. After you receive a discharge, your debts are wiped out and are no longer report negatively on your credit report. This puts you in a better position when looking for housing. If you can show a landlord that you have a stable source of income and a reasonable rental history,y you shouldn’t have too much difficulty finding housing.
CALL NOW FOR A FREE STRATEGY SESSION FROM AN MN BANKRUPTCY LAWYER AT LIFEBACK LAW FIRM
If you are dealing with an overwhelming debt problem, it is important to discuss your options with a bankruptcy attorney. If you have questions about bankruptcy and would like to do a free consultation to go over your options, visit www.lifebacklaw.com to speak with an attorney. You will be glad you did!
