Can I renew the lease on my apartment after filing a ch. 7 bankruptcy?
My spouse and I are seriously thinking of filing a chapter 7 bankruptcy for credit card debt. We rent an apartment in a complex. We renew our lease every year. I am concerned that if management learns of my bankruptcy they will not renew my lease. I do not think they perform credit checks with lease renewals because I thought they would need our consent before doing that. I have read through my lease, which is not easily readable, and I did not see anything that states we would not be able to renew the lease due to bankruptcy. Let me also make it clear that we are thinking of filing due to credit card debt. We will be keeping our cars and will continue to pay the payments on them. As well, we will continue to pay our rent. We Live in the state of New York.
Related Credit Card Sites
- Understanding Chapter 7 Bankruptcy Exemptions | The Bankruptcy Blog
- Credit Card Debt Consolidation Services – A Fresh Start With A New Repayment Plan | consolidate college loans
- Forgiveness Of Credit Card Debt – How To Eliminate Up To 60% Of Your Debts | Business Financial Talks
I can’t imagine they would check your credit to renew your lease. That would be very expensive for them if they did that for every person for every renewal. I’ve had residents transfer apartments and they’ve filed for bankruptcy but have excellent rental history.
That is 100% up to your landlord. There is no law that me must renew your lease and no law that he cannot renew your lease. You need to ask him, not us. We cannot make that decisions for him.
attorneys are the only ones who win in BK filings. IT is MUCH better to bite the bullet and
ignore creditor calls and just make strategic payments; inevitably, in 3-5 yrs, your credit
will show 700+ and you will be in great shape; I did it 4 times over 25 yrs.
I will help you for free
It is totally up to the landlord. And even if they don’t check credit, they will still learn from the courts.
http://diylegalinfo.com/bankruptcy_Links.html has a lot of information on bankruptcy questions, how to handle them yourself and other information.