While a Littleton Chapter 7 and Chapter 13 bankruptcy do not prevent a person from renting a home or apartment, there are factors which a landlord may consider when it comes to deciding whether they will rent to you or not. In today’s blog, we’ll discuss what some of these factors are.
Renting a Home or Apartment After Aurora Bankruptcy: What Will a Landlord Look For?
If you are looking to rent a home or apartment in Aurora, Colorado, landlords will likely consider a number of things, including:
When you filed bankruptcy and how many times you filed bankruptcy;
Whether you received a bankruptcy discharge or not;
How much disposable income you have to pay towards rent;
Your credit history, including whether you’ve had any evictions, lawsuits, or repossessions in the past;
Your rental history.
A landlord will likely consider all of the above before deciding to rent to you, as they will want to assess your history handling finances or financial obligations. If a landlord sees that you have filed bankruptcy more than once, or that you didn’t receive a bankruptcy discharge, for example, they may be more reluctant to rent to you. On the other hand, if they find you have a positive rental history or credit history, or you have not had to file bankruptcy more than once, they may be more likely to rent to you.
Centennial Chapter 7 and Chapter 13 Bankruptcy Lawyer: Call Barry with Questions
I would recommend trying to rent from smaller properties in Centennial, rather than from landlords who manage a number of properties, if you’re trying to rent an apartment or home after bankruptcy. Sometimes, landlords who manage a larger number of properties are not as understanding when it comes to individuals who have filed a Chapter 7 or Chapter 13 bankruptcy. In other cases, it is best to try to explain to the landlord the reasons you filed for bankruptcy. You may have had to file for reasons that were unplanned, such as a death or divorce. Another option is to offer an extra-large security deposit. If you have more questions about how bankruptcy can affect you and your life if you file, contact me for a free initial consultation today.
If you have more questions about whether you can rent a home or apartment after filing a Chapter 7 or Chapter 13 bankruptcy in Colorado, contact the best Centennial bankruptcy attorney: Barry Arrington, for a free initial consultation. Contact him at 303-205-7870. Or, submit the “Get Help Now” form to begin your journey towards financial freedom.