How Do Landlords Look At Bankruptcy?

Orange County Chapter 7 Lawyers – Anaheim – Santa Ana

In the age of the internet we are inundated with information. Unfortunately, much of this information is false. As Orange County Chapter 7 lawyers, many of our clients want to know what effect bankruptcy will have on certain areas of their lives. One area that is often brought up is housing, in particular, rental housing.

Recently, a young lady came to us with some serious credit card debt. She wanted to file a Chapter 7 bankruptcy but she also wanted to find a more affordable place to live. At the same time, she was wondering if her new landlord would look down on her Orange County bankruptcy filing. She sought our advice.

First, you have to understand that filing bankruptcy in Orange County is not going to stop you from getting a new lease. But, your credit will take the biggest hit in the year after your bankruptcy filing. If the new landlord looks at your credit score than he or she might decline your application based on that credit score.

Not to fear, there is a better option. As Orange County bankruptcy lawyers, we told her that she needs to sign the new lease BEFORE filing for Chapter 7. Then, in the bankruptcy filing, she should reject the current lease. The bankruptcy laws allow a debtor to maintain some obligations. She would maintain the new lease but reject the old lease. Then, her decreased credit score would not be apparent to her new landlord.

If you have a questions about how a Orange County Chapter 7 may effect your rights, call an experienced bankruptcy lawyer who will fight for you. Since 1976, the Law Office of Harold D. Thompson has been helping consumers in Anaheim, Santa Ana, Irvine and all throughout Southern California. Call our office today at 619.615.0767 for a free consultation or visit our other websites for more information: San Diego Chapter 7 Attorney, San Diego Chapter 7 Lawyer or Riverside Chapter 7 Attorney.

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