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

Should Seniors File Bankruptcy? Here’s 3 Things You Need to Know

Should seniors file for bankruptcy? Maybe. It all depends on their specific financial circumstances. Bankruptcy can be a great solution...
Read More

What Happens If My Spouse Dies During Bankruptcy?

Seniors declaring bankruptcy have many concerns. One of the most pressing is how their health or their spouse’s health might...
Read More

Can I File for Bankruptcy Without a Job?

Bankruptcy is often considered a tool used by people without money, without income, and without any financial hope. The truth...
Read More

Should I Use Retirement Savings to Avoid Bankruptcy? A Tampa Bankruptcy Lawyer Can Help You Protect Your Retirement Nest Egg

Withdrawing money from your retirement savings is rarely advised by financial experts, even if you are facing bankruptcy. Working with...
Read More

Can You File for Bankruptcy and Keep Your Home

Foreclosure is something that occurs after a homeowner has missed multiple mortgage payments. Working with a Florida bankruptcy attorney helps...
Read More

Is There Such a Thing as Mortgage Bankruptcy?

Your home is one of your primary concerns when filing for bankruptcy. Can you claim bankruptcy and keep your home?...
Read More

What Do You Need to Know about a Home Auction in Bankruptcy?

Home auctions are a common topic that arises when someone is faced with the prospect of bankruptcy. Bankruptcy protection for...
Read More

Can a Florida Bankruptcy Attorney Help Me Avoid Eviction

Losing one’s home is one of the most common concerns you can have when filing for bankruptcy. A Florida bankruptcy...
Read More

Covid-19 Tax Tips

The COVID-19 pandemic has affected a variety of things including taxes. These COVID tax tips can help you prepare and...
Read More

How Can a Bankruptcy Attorney in Tampa Florida Help Me If I Fall Behind on My Mortgage After Filing for Bankruptcy?

Many people find that filing for bankruptcy provides all of the financial relief they need to get back on track....
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