RENTING WHILE BANKRUPT

July 25th, 2009 by Questions

We have just filed bankruptcy and have been offered a great job. We want to rent a house, and want some direction as to the best way to go about it while bankrupt. I have printed my credit report and the bankruptcy is included on it.

Posted from: Ontario

Questions

One Response to “RENTING WHILE BANKRUPT”



July 26, 2009 at 4:43 pm, A licensed trustee said:

Congrats on the new job. Over the years we’ve had very few clients tell us that they had a problem renting an apartment after they filed – it has happened, but only once or twice a year over the last 11 years (maybe 2 dozen times in over 15,000 clients).

If a landlord asks for a copy of your credit report you can honmestly tell them that the bankruptcy makes you a better risk (for the landlord) than someone with a lot of debt. There is a cost to filing bankruptcy, but for most people it is significantly less money every month than they were paying towards their debts – in otherwords, after filing you have fewer things to pay each month and therefore the landlord should feel safer.

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