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

5 Common Budgeting Mistakes Newlyweds Make and How to Avoid Them

Budgeting mistakes are common, especially when you’re young. Not all newlyweds are young adults, but many first-time marriages do involve...
Read More

When Should Married Couples File for Bankruptcy Together?

There's no easy answer to the question of timing when it comes to bankruptcy. In some cases, it may make...
Read More

Can Your Spouses Debt Force You Into Bankruptcy?

If you're married and your spouse has a lot of debt, you may be wondering if that debt can force...
Read More

Do You Need a Bankruptcy Attorney If You’re Divorcing with Financial Problems?

Divorce and bankruptcies are more common than many people realize. Financial problems make a stressful transition even more difficult. If...
Read More

Can You File Bankruptcy without Your Spouse?

Filing for bankruptcy is a decision that should not be taken lightly. It can affect your financial life and the...
Read More

How Seniors Can Avoid Bankruptcy

Seniors are at a high risk of bankruptcy, but there are ways to avoid it. What do you need to...
Read More

What Happens If I Own Too Many Assets to File for Chapter 7?

Does hiding assets in bankruptcy protect them from your creditors? If you own too many assets to qualify for Chapter...
Read More

How to Find the Best Lawyer for Filing for Bankruptcy after Retirement

Many retirees decide to file for bankruptcy as a way to get a fresh start. But finding the right lawyer...
Read More

Does Declaring Bankruptcy Affect My Retirement Savings?

When you're struggling with debt, the thought of bankruptcy might cross your mind. But what would that mean for your...
Read More

Is a Reverse Mortgage Right for Me?

Reverse mortgages in Florida are loans that allow homeowners 62 and older to borrow against the equity in their homes....
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

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