Tenant applicant and bankruptcy

[Sam Leon]

I have a tenant applicant who answered YES on my application form whether he/she has ever petitioned for bankruptcy.  Year was 2012.

I have zero experience with this, a quick search on public records seems to suggest it was done to delay a foreclosure.

I haven't ran a credit check yet, will do it today.  But wouldn't a bankruptcy put a significant strain on the credit scores or will it "reset" after a few years?

I probably will have a conversation with the applicant about it before I decide, I just need to educate myself on the subject so I know what I am talking about.

[Mark Christiansen]

Forgive my naiveté, but what about an ongoing Chapter 13 bankruptcy would incline you to exclude a potential tenant?  I know next to nothing about filing for bankruptcy.