Potential tenant and bankruptcy

[Trey R.]

Good afternoon,

I was looking for some advice on a potential tenant involved in a bankruptcy.  I have searched the forums and done some reading on renting to people who have been involved in bankruptcy.  I personally don't mind renting to someone in bankruptcy as long as they meet the criteria for everything including income, good background etc etc.

I have a person who is interested in renting my property.  The rent would be $1650/mo and they make over $100k not including the wife's income once she finds a new job after relocating.  Background checks all look good, they have owned another home for 20+ years and had to foreclose. 

When asked about any debts I was told that if they can secure a rental their attorney would be able to chapter 7 any outstanding debts.  Just curious if anyone can lead me down the right path for what I should be looking for in regards to not getting screwed over by the bankruptcy.  I've tried to do plenty of reading but I'm definitely no expert on anything regarding bankruptcies.

Thanks!

[Kim Meredith Hampton]

@Trey R. simple short answer is Meber rent to someone that is currently going thru bankruptcy, they could drag your rental into the bankruptcy. Move on.,,,,