Renting an apartment after BK?
Hi everyone,
My situation is this: I'm getting ready to file BK in a month or two. I've been in talks with my lawyer, gathering papers, etc... I'm just barely in the Chapter 7 means test, but I'm fine. The reason I'm filing is because I had 5 investment properties in FL that went under & are being foreclosed on. I also have about 25k in CC debt. Anyways, what I'm wondering is this... I live & work in NYC. I have a decent job & a good rental history (never late & all that) but I'm currently living in Brooklyn and commuting an hour to work. I really want to move soon to be closer to work, but my worry is that I won't be able to find a place in my budget that will accept me. What I'm mainly wondering is this: is it better to move BEFORE the bankruptcy is filed/discharged or better to move after? The reason I'm wondering is because BEFORE the bankruptcy is discharged, landlords can see all my debt and a) it's understandable in this market & economy that I have investment properties that didnt work out but b) I also have a lot of CC debt... but it's still not a "bankruptcy" on my credit so I'm not sure... I mean, bankruptcy's a clean slate which is great, right? But maybe not from a landlord's POV. Landlords tend to be VERY strict in NYC to the point of demanding good credit, 40x income, references... *sigh*. I don't know what to do. Any Advice/experience with this?
Thanks,
Irina
My situation is this: I'm getting ready to file BK in a month or two. I've been in talks with my lawyer, gathering papers, etc... I'm just barely in the Chapter 7 means test, but I'm fine. The reason I'm filing is because I had 5 investment properties in FL that went under & are being foreclosed on. I also have about 25k in CC debt. Anyways, what I'm wondering is this... I live & work in NYC. I have a decent job & a good rental history (never late & all that) but I'm currently living in Brooklyn and commuting an hour to work. I really want to move soon to be closer to work, but my worry is that I won't be able to find a place in my budget that will accept me. What I'm mainly wondering is this: is it better to move BEFORE the bankruptcy is filed/discharged or better to move after? The reason I'm wondering is because BEFORE the bankruptcy is discharged, landlords can see all my debt and a) it's understandable in this market & economy that I have investment properties that didnt work out but b) I also have a lot of CC debt... but it's still not a "bankruptcy" on my credit so I'm not sure... I mean, bankruptcy's a clean slate which is great, right? But maybe not from a landlord's POV. Landlords tend to be VERY strict in NYC to the point of demanding good credit, 40x income, references... *sigh*. I don't know what to do. Any Advice/experience with this?
Thanks,
Irina
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