CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Can I Rent after Bankruptcy?

People delay or avoid bankruptcy because they are worried it will turn their lives upside. Unfortunately, the longer they wait to file the worse their lives actually get. Many are worried they’ll be unable to rent an apartment or home because they’ve filed for bankruptcy.

The truth is there is nothing stopping you from renting after you file for bankruptcy, but it can affect your ability to do so. Before you file – or before you avoid filing – it’s important to understand just how bankruptcy will affect your ability to rent a home.

Most landlords will run a credit report on you and will know you’ve filed for bankruptcy, and though they could deny you for this reason, there are usually more important factors they consider.

To find out what landlords look for when they check your credit, check out this article from NerdWallet.com.

Landlords are interested in your credit history because it’s a good indication for how you manage money. If your credit history is filled with repossessions, foreclosures, lawsuits and judgements, and late payments, this could increase the likelihood they’ll reject your application. However, a less-than-perfect credit report alone is not a guarantee you’ll be rejected.

Income

One of the most important things landlords consider is your amount of disposable income. Whether or not you filed for bankruptcy does not necessarily affect your ability to pay your rent, but the amount of income you have to put toward your rent does.

If you’re earning enough to pay your rent, a landlord is less likely to consider your bankruptcy, especially if your income has increased since you filed. Explaining to your landlord that you experienced financial struggles in the past, but you’re back on track now and have predictable income that allows you to meet your rent obligations can help you get approved to rent.

Employment History

In addition to how much you have to pay toward your rent, a landlord is also likely to consider the length of time you’ve worked at your job and whether or not it’s permanent or temporary employment. They’ll also review your employment history to see if you’ve job hopped and use that to determine how reliable you are when it comes to your obligations.

Rental History

Perhaps the most important consideration a landlord will have when determine whether or not to rent to you is your rental history. Someone who hasn’t filed for bankruptcy whose rental history is riddled with evictions is less likely to receive approval than someone with a bankruptcy who has shown they are otherwise responsible, especially when it comes to renting or leasing their home.

Most landlords understand circumstances out of your control can drive you into bankruptcy and they’re more concerned about how responsible you’ve been with your finances overall.

If you’re in the midst of bankruptcy and you are currently renting, make sure you stay current with your rent payments and act as an ideal tenant. Even with your bankruptcy, you’ll be able to show future landlords you took your responsibilities as a renter seriously.

For more information on how bankruptcy can affect your life or to begin the filing process, contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can Leading a Frugal Lifestyle Prevent a Second Bankruptcy?

Changing your approach to spending is a necessity after bankruptcy. You’ll turn over some control of your finances to the...
Read More

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions