A question I often get from potential clients considering filing for bankruptcy in Centennial or Aurora is if they will be able to rent a home or apartment after their bankruptcy is filed. This is a great question. As a bankruptcy attorney with many years of experience, I have seen how beneficial filing a chapter 7 or chapter 13 bankruptcy can be for Colorado families. Freedom from harassing calls from debt collectors, wage garnishments, and stress from overwhelming debt far outweighs the potential downsides to getting a bankruptcy discharge for most people. And housing can be one of those potential downfalls.
Landlords, Property Managers, and Renting an Apartment or House after Bankruptcy in Aurora
It is not hard to build up your credit score after filing bankruptcy, but it does take some time. As most housing rental companies in Aurora run a check into your finances when you apply, the fact that you filed bankruptcy will be available information for them. This does sometimes preclude you from being eligible to rent some apartments or houses. What I have found is that generally, the housing complexes run by larger companies are the ones quick to deny someone with a bankruptcy in their background. They are not as willing to take a person’s situation into account and automatically deny based on a set list of criteria – usually with no wiggle room. My clients tend to have better luck with smaller properties, like a homeowner trying to rent out their single-family home. These landlords seem to be more accommodating and willing to work with interested renters.
I’m Renting an Apartment After a Littleton Bankruptcy: Will I Get Kicked Out After Filing Bankruptcy?
A concern that my clients often have is if they are going to be kicked out of the current house or apartment they are renting in Littleton after filing for a chapter 7 or chapter 13 bankruptcy. The simple answer is no. While your current landlord will be notified that you have filed for bankruptcy, that is not grounds for eviction. However, should you need to get out of your lease before the end of your rental term, filing for bankruptcy will protect you from owing any unpaid rent.
If you are considering filing a chapter 7 or chapter 13 bankruptcy and would like more information about how bankruptcy can impact your housing, contact experienced bankruptcy attorney Barry Arrington for a free initial consultation at 303-205-7870 or submit the ‘Get Help Now’ form to begin your journey toward financial freedom.