Bankruptcy on two of them, one the bankruptcy was in 2005, the other recent.One is a single guy that makes about 34k a yr, one is a couple that each have 10-12hr jobs.

You May have been to a Guru seminar if..........You believe brokers will continually submit deals to you although you have no capitalYou believe lenders look at the property ONLY when considering whether to lend you money, so that your multiple bankruptcies, credit score of 490, and $80,000 in credit card debt won't matterYou think that commercial real estate sellers will accept post dated checks for $100 as sufficent earnest money.You believe no seller is sharp enough to see through the numerous “weasel” clauses you put into your purchase contractsYou are persuaded that the only difference between a $1000 transaction and a $1,000,000 transaction are the amount of 0'sYou believe everyone who critsizes your plan is jealeous and wants to see you failYou believe that 20 years of hands on experience, a four year college degree in real estate and yearly mandatory education seminars can be trumped by the “intense training” 3 day seminar you just paid $7000 for.You believe that the $7000 you just borrowed on your newly increased credit line to pay for that seminar is an “investment”You can't believe people actually wasted $80,000 and four years of their life learning “useless” information in collegeYou believe assembling your real estate “team” is your key to success and a necessary first stepYou believe you can actually contract with the best “players” in the industry although you have no experience, capital, or track recordYou believe that once you find the deal that fits the formula money will come to youYou believe that your Guru has provided you with exclusive information on how to find “bargain” dealsYou believe one in a life time “steals” are an everyday occuranceYou believe you can be successful working “the system” on just weekends and holidaysYou believe the Guru got rich by actually doing real estate deals rather than by using a slick promotional sales and training systemYou believe the personnel provided to assist you are actually real estate investors who actually have experience and knowledge and aren't just some failed salesman reading from a scriptYou believe you're the first person to think of using BiggerPockets as your source of wholesale leads or to build a buyer listYou believe wholesaling is investingYou think the term is “whole selling” not wholesaling.

If so, where does the bankruptcy part come into play?

It will probably not impact your score, unless (like many of these sorts of things), it's a well-disguised bankruptcy enabling/counseling service.

You're also having to apply a degree of reasonableness as to the motivation of a borrower as well as their ability to meet credit issues, ability to increase income, overcome bankruptcy or prior loan default matters.

We have no foreclosures, bankruptcies, or evictions.

BKs are actions in your local court, they are filed in federal bankruptcy court.

Here is a short list of professionals that may be able to assist you in finding those deals:Real Estate/Divorce/Bankruptcy AttorneysReal Estate AgentsLoan Officers/HOADon't forget friends and family (word of mouth)

HiI have an applicant who has bankruptcy filing (havent checked what stage it is in yet) and an income to rent ratio of 2.4.

What happens if the seller at some other time goes into bankruptcy on a "subject to"property you took over payments on?