Experienced Bankruptcy Lawyers Discuss Renting After Filing for Bankruptcy
Pensacola, Fla. – At the end of this month, the moratorium of rent and mortgage, as well as unemployment, will come to an end, potentially putting many individuals throughout the panhandle in a tricky situation for the following weeks or months. As a result, there will likely be a hefty amount of bankruptcy cases in the near future, as well as many people in need of renting. Experienced bankruptcy lawyers Martin Lewis and Steven Jurnovoy explain that Chapter 7 and Chapter 13 bankruptcy can, in fact, show on a person’s credit report for up to ten years. If an individual who has just filed for bankruptcy decides to rent, it is important that they understand what factors their potential landlords will consider. To be a help to their community, Lewis and Jurnovoy are laying out these factors.
Landlords typically want to know the amount of money their potential tenants currently make or have saved for rent bills. They also like to know whether the individual has ever filed for bankruptcy and if they have ever broken a rental agreement or lease in the past. As far as employment goes, landlords tend to consider employment history, as well as the amount of time that the individual has held their current job and whether they work on an hourly rate or a salary. Employment details often hold a lot of weight in a landlord’s decision to allow the individual to rent.
When it comes to bankruptcy, keep in mind that if a person has filed for bankruptcy, it does not mean landlords will not rent to them; it is simply one of the pieces of information that are factored into the decision. In fact, if an individual had to file for bankruptcy because of circumstances that were out of the individual’s control, such as the pandemic, it is important to provide that explanation. It will help the landlord make a more informed decision.
Bankruptcy attorneys Martin Lewis and Steven Jurnovoy have been practicing law for over 20 years, assisting their clients by providing them with the smoothest legal processes that result in the most optimal results. Geographically, they serve a wide variety of clients, ranging across the Panhandle in Crestview, Panama City, Pensacola, and Fort Walton Beach. For further inquiries or help filing for bankruptcy, give Lewis and Jurnovoy a call today at (850) 432-9110 or visit their website at https://lewisandjurnovoy.com/.
For more information about Lewis & Jurnovoy, PA Pensacola, contact the company here:
Lewis & Jurnovoy, PA Pensacola
1100 North Palafox St
Pensacola, FL 32501