The Law Office of Davis & Jones, P.C. is a distinguished Salt Lake City bankruptcy law firm. As leaders in Utah bankruptcy service and active members on both the Early Confirmation Committee and the Local Rules Committee, Principal bankruptcy Attorneys Lee J. Davis and Tony G. Jones have the advantage of keeping abreast of recent rapid changes in bankruptcy laws to better assist their clients.
NEW BANKRUPTCY LAWS: Bankruptcy is a federal court process designed to help individuals and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcies can generally be described as liquidation or reorganization. Under a liquidation bankruptcy (Chapter 7), a claimant files to eliminate debt through the bankruptcy court. Under a reorganization bankruptcy (Chapters 13), a claimant files a plan with the bankruptcy court proposing how to repay creditors.
Will I be able to rent an apartment or
house after I file for bankruptcy?
A landlord can legally refuse to rent you an apartment because of a prior bankruptcy in your credit report. However, if you are presently renting a home or an apartment, your present landlord will typically renew your lease without running an updated credit report, and will probably not know that you filed for bankruptcy. If you are applying for a new lease, you may encounter some difficulties that can be overcome. Offering to make a larger security deposit may be enough for a potential landlord to overcome his/her concerns.