The Law Dictionary

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How soon after bankruptcy can you rent an apartment?

Even though many people worry that they are not going to be able to rent an apartment after filing for bankruptcy, that is not always the case. Bankruptcy filings may hinder your ability to secure the apartment that you desire, but you have plenty of options waiting for you out there. For those who appear confident, possess a clean image and effectively communicate the strengths of your current financial situation, you will be able to find an apartment to rent directly after your bankruptcy is discharged.

Tips to Securing Your New Apartment Right Out of Bankruptcy

When you are trying to figure out where it is that you want to rent, make sure to ask the leasing agent about their specific credit requirements and deposit required for you to rent the apartment. Most of the time, the management company is going to require a credit check before they end up renting you the apartment.

Once you know what it is that the company requires, you will be able to discuss the terms of your bankruptcy in the first place. Let the company know that you had a financial hardship that caused you to file for the bankruptcy relief in the first place. Explain to them why it is that you were left with no other option than to file for bankruptcy. Make sure that you express your interest in their facility and your intentions to pay the rent on time every month. For those that have solid history with other lenders, the property managers will take that into consideration and rent you the apart straight away without stipulations. Other complexes may make you wait until you have a proven track record of paying your rent on time elsewhere for a minimum of a year.

Ask the complex about their short-term rental policy to help you gain their trust. Some management companies may not be willing to forgo a year lease with you, but they will start you out with something smaller to see how well you handle the payments on your new apartment. This will help you to reestablish your credit rating while living in the place you love. In short, the length of time it will require to get into a new apartment after your bankruptcy is going to vary based upon where it is that you want to live. Many places will let you into an apartment right out of bankruptcy, so you will not have to worry about any delayed wait times.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

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