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August 29, 2008, Newsletter Issue #79: Renting After Bankruptcy
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Tip of the Week
There is no hard and fast rule stating a waiting period from discharge and renting after bankruptcy. However, it would be in your best interests to have some reestablished credit so the property owner or real estate management company can see that you have begun being responsible for your financial situation. A credit report will normally be obtained before your application to rent is approved. A discharge in bankruptcy will not automatically prohibit your approval, but the owner still needs some confidence that you will make scheduled rent payments as agreed. The costs of eviction provide no income to a landlord and generate issues they do not wish to deal with.
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