Can I Get an Apartment After Filing for Bankruptcy?

It can be overwhelming and difficult to file for bankruptcy. This can also lead to several worries. The most common question is if filing for bankruptcy will affect someone’s ability to rent an apartment.

Although bankruptcy may affect your credit score and financial standing it does not mean you will be unable to rent an apartment. What should you know about renting an apartment following bankruptcy?

Renting an Apartment After Bankruptcy

Understanding how bankruptcy can affect your credit score is important. It can be more difficult to get a credit check approved or for a rental application to be approved after filing. Landlords or property managers may review credit reports, and be reluctant to rent an apartment to someone who has filed bankruptcy.

Factors to Consider

Although bankruptcy can make it more difficult to rent an apartment, it is not a deal breaker. You may be able to find housing after bankruptcy depending on several factors:

• Type of Bankruptcy – The type of bankruptcy that you file (Chapter 7 vs. Chapter 13) will affect your ability to rent a home. Chapter 7 bankruptcy stays on your report for 10 years while Chapter 13 remains for 7 years. Chapter 13 bankruptcy may give you a better shot at renting an apartment because it includes a repayment schedule and shows a commitment to paying off your debts.
• Recent Payment History. Landlords are more likely to overlook past bankruptcy when you have made timely payments for other bills such as rent and utilities.
• Income and Employment Stability – Demonstrating that you have a stable job and income history assures landlords that you will be able to pay your rent on time. Rent applications can be strengthened by providing proof of income such as pay stubs and employment verification.
• Renting history and references: A positive rental record and good references can help you strengthen your application. They will also reduce concerns about the financial background of your applicant.

The Importance of Legal Advice

It can be difficult to navigate the complex issues of bankruptcy, and how it affects housing. It is for this reason that a bankruptcy lawyer is so important. An experienced attorney can guide and support you throughout the bankruptcy process. They will explain your rights, guide you through your options, and help with any obstacles that may arise.

A bankruptcy lawyer can also help you rebuild your financial and credit standing after bankruptcy. This can increase your chances of finding housing in the future. A bankruptcy attorney can provide insight into your rights as a tenant and explain any legal implications of renting an apartment after bankruptcy.

It’s possible to rent an apartment after filing for bankruptcy. Understanding the factors that may affect your ability to find housing and obtaining the help of a bankruptcy lawyer will allow you to navigate the process confidently and work toward rebuilding your financial life.

This post was written by Trey Wright, a Florida Bankruptcy Lawyer! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, specializing in bankruptcy law, estate planning, and business litigation.

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