Credit Score and Bankruptcy

A good bankruptcy attorney knows that many people who file for bankruptcy would just prefer to hide the fact that they did. However, once you have successfully filed for bankruptcy, there is no going back. It will lower your credit score and can be seen on your credit for years whenever organizations or agencies need to pull up your score. This can scare people so much that they choose not to file for bankruptcy. There are many options out there when it comes to fixing your financial problems and bankruptcy may be a good option for you. If you are interested in renting an apartment and are planning to file for bankruptcy or have filed for bankruptcy, please give an attorney a call today. 

Will filing for bankruptcy ruin my chances of getting an apartment? 

You may think that all hope is lost. However, filing for bankruptcy does not have to mean that you cannot get an apartment. Especially if you are considering entering into an agreement with a landlord, they may be willing to sit down and listen to what happened. If you have a steady paycheck and a job, that may be all that matters to them — not that you filed for bankruptcy. 

What else might they consider? 

A landlord is also likely going to be more concerned about whether you have a stable job than they are that you filed for bankruptcy. They may look at your wage history, whether you are a permanent employee, and how long you have been at your job. While bankruptcy is not really a positive point on your credit history, it does not have to define it. 

Does it matter what point in the bankruptcy process I am in? 

This could be an important factor. For example, if you have filed for bankruptcy and are still waiting to hear back about whether your debts will be discharged or if you will have a repayment plan, a landlord may not be willing to cut you a break when it comes to renting a space until everything is finalized. 

Can a bankruptcy attorney help me? 

Absolutely. Bankruptcy usually happens because there are circumstances outside of your control that caused you to go into debt. An experienced lawyer, like a Chapter 7 bankruptcy lawyer in Garland, TX from Allmand Law, knows that can make your life particularly frustrating, especially if you are hoping to rent an apartment. If you would like to learn ways to help get you on track after bankruptcy and what you can do in this situation, reach out to a trusted bankruptcy attorney now.