Yes, I have a relative that has.
You will not lose your house unless there is a large amount of equity in it. You will need to reaffirm your rent to own agreement, however.
Rent is not covered under bankruptcy: a landlord still has the right to collect rent and evict tenants who don't pay.
Whether you can or can't doesn't get to the result you think....a rented house is effected by the BK just as if it wasn't...except that now the damages you cause the renters are your responsibility too!
Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief
It can be but I have found that if you have good rental history you should be able to rent. My husband and I filed bankruptcy about a year ago. He then left and I lost everything, now trying to start over with a recent bankruptcy is challenging. I have found no one that will rent to me and I have good rental history.There should be a law, I do not believe that credit should reflect on the rental of a house. Good luck to all that are trying. After filing bankruptcy it is very hard to obtain housing in an upscale area. Some places will not rent to you until seven years post bankruptcy. I have learned that if you maintain a good rental history and aren't deliquent on any of your accounts, then you may be able to rent a house/apartment through a lowerscale or private owner. * i would agree that it is hard but i also think that you can get help and try to get some money back
Not paying rent is grounds for eviction. Most courts won't care about the bankruptcy, and most bankruptcy judges will not stop an eviction.
There is no prohibition against renting property in a ch 7 bankruptcy. However, if you have a large amount of equity in the house, it might be sold to pay your creditors.
The landlord's bankruptcy has nothing to do with the tenant. The tenant still owes the rent.
No. Your rent is advanced payment for your right to stay in your apartment/home.
how to rent my house to corporations?
You can not rent the "For Rent" house on Moshi Monsters. The house is used as part of a Super Moshi Mission.
Bankruptcy does not relieve a tenant from paying his rent: it's not a debt. Rent is due in advance of the rental period and is not an extension of credit. Oh, and a landlord cannot evict a tenant simply because he filed for bankruptcy.
Sure! Rent is not a bankruptcy issue.
Anybody can file for bankruptcy.
He isn't. Even if a landlord file for bankruptcy, he is still entitled to collect the rent from tenants. If the property is in foreclosure, the landlord still have the right to collect rent from the tenant, until such control is passed on to the foreclosing entity. Conversely, if the tenant files for bankruptcy he is still obligated to pay the rent to landlord, although he may be no longer obligated to pay any back rent if such arrears is part of the bankruptcy list.
How much does rent cost for a house?
It depends. If you declare bankruptcy on another house while you are living in your formal house, no you don't lose your formal house. If you declare bankruptcy on your formal house, you get your house foreclosed, or taken away by the bank. ----
When you are living with someone they are not included in your bankruptcy. If you are paying them rent, then the money you pay is an expense and will be considered for bankruptcy.
Yes you can, but not simply because you are in bankruptcy. Rent is not an extension of credit. So bankruptcy is not an issue with regard to landlord and tenant issues.
It depend on house. If house is big then rent will be more, if house is small then rent will be less.
Most the time you can rent an apartment as long as you can give them a copy of your Discharge Records.
You can rent a house in NY by looking at apartments.com
You are normally allowed to keep the house you are living in and one car in a bankruptcy.
Either you pay rent for the house or you don't pay rent because you do not have house. It can't be both the situations.