Fellow landlord's opinion?

[Aaron Millis]

Hi BP,

I am screening tenants for my college rental that will be available in the fall. I have a 4 bedroom house that I rent by the bedroom. I'm looking into 1 of the 4 potential tenants and see that his income comes up short of my '3x the rent" rule. I told him he could use a guarantor which is common here (typically the parents). He said his parents make plenty of money but they recently filed for bankruptcy and asked if I could still count them as guarantors. 

I asked him how recently this happened and I'm still waiting to hear back. But this is my first time running into something like this so regardless of his answer I'm not sure the kind of weight "recent bankruptcy" has. 

Any advice or opinions are welcome. Thanks.