Experienced Bankruptcy Lawyers Discuss Renting After Filing for Bankruptcy
Pensacola, Florida – At the end of this month, the moratorium on rents and mortgages, as well as unemployment, will end, potentially putting many people through begging in a tight spot for the following weeks or months. As a result, there will likely be a large number of bankruptcy cases in the near future, as well as many people needing to rent. Experimented bankruptcy lawyers Martin Lewis and Steven Jurnovoy explain that Chapter 7 and Chapter 13 bankruptcy can, in fact, show up on a person’s credit report for up to ten years. If a person who has just declared bankruptcy decides to rent, it is important that they understand what factors their potential owners will consider. To help their community, Lewis and Jurnovoy outline these factors.
Landlords generally want to know how much money their potential tenants are currently making or have saved for rent bills. They also like to know if the person has ever filed for bankruptcy and if he has ever broken a rental agreement or lease in the past. When it comes to employment, owners tend to consider work history, as well as how long the person has been in their current job and whether they are working hourly or paid wages. The details of the job often carry a lot of weight in a landlord’s decision to authorize the individual to rent.
When it comes to bankruptcy, keep in mind that if a person has filed for bankruptcy, that doesn’t mean the landlords won’t rent them; it is just one of the pieces of information taken into account in the decision. In fact, if a person were to file for bankruptcy due to circumstances beyond their control, such as the pandemic, it is important to provide this explanation. This will help the owner to make a more informed decision.
Bankruptcy lawyers Martin Lewis and Steven Jurnovoy have practiced law for over 20 years, helping their clients by providing them with the smoothest legal processes that result in the most optimal results. Geographically, they serve a wide variety of customers, ranging from Panhandle to Crestview, Panama City, Pensacola, and Fort Walton Beach. For more information or for help filing for bankruptcy, call Lewis and Jurnovoy today at (850) 432-9110 or visit their website athttps://lewisandjurnovoy.com/.
For more information on Lewis & Jurnovoy, PA Pensacola, contact the company here:
Lewis & Jurnovoy, Pennsylvania Pensacola
1100 rue Palafox North
Pensacola, Florida 32501