Many people who filed bankruptcy and had their homes foreclosed during the Great Recession get back owning expensive homes now.

If you get a loan in the Dominican bank I do not believe it will show on your credit report (please see Fair Credit Reporting Act (FCRA) ) they will pull your credit report but it will not count against you but they will look for bankruptcy, defaults, and or bad collection to determine if you qualify for a loan to my opinion. 

Quote from @Chuck Lamar: ...how do I  get access to Bankruptcy proceedings?  

For instance I would state that a bankruptcy may not disqualify you, but a credit and background checks and a min score of 620 is required.and/orA income verification will be done and minimum income requirement of 3x times rent is required.and/orThis is a smoke free property.and/orWe allow 2 pet on a case by case.and/orFor additional consideration please free feel to tell us about yourself or anyone else in your family that will be staying on the property.Sometime the approach is as important as the question.  

Violation list, tax delinquent properties, bankruptcy properties, hotels motel receipts and have complex features as well.

Also "recycling" people requires you to go through a foreclosure, which they could still file bankruptcy, you go a year without getting a payment and they trash the place. 

.#1 - paid 75K, with 1,900 of mthly gross rents (tenants in place), in good condition, and tenants paying all utilities except water/sewer#2 - paid 77.5K, with 2,500 of mthly potential gross (bankruptcy sale, 2 units vacant at the moment), also in good condition, w/ landlord paying for common boiler heat, as well as water/sewer.

If you file bankruptcy on the entity, the loan can turn full recourse to the guarantor. 

I read that as a Bankruptcy which is what is likely to happen with the right circumstances.  

Predicting bankruptcy crisis similar to last time is interesting.