You can move home if you are bankrupt and you can also rent another property. However, you should be aware that most landlords and their agents will carry out checks on prospective tenants. This is to find out whether the tenants have:
- a good credit rating
- any judgments against them
- the ability to pay the rent going forward
It’s likely that the registration of a bankruptcy order will severely affect the credit status of a prospective tenant and this may deter many landlords from agreeing to take on a bankrupt as a new tenant.
It’s possible that a landlord may be persuaded to grant a new tenancy if the bankrupt is only one of the joint tenants and the credit status of the other tenant is good or if the tenant is able to offer someone to act as a guarantor for the rent and other obligations on the property.
Next Step
If you want to find out anything further about this topic then please feel free to call on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email me vee@navigatebr.com
This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising as a result of any person or organisation acting or refraining from acting on any information.
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