Chat with us, powered by LiveChat
Call for obligation-free advice 1300 060 122

Will I have trouble renting a place to live?

FAQs | Bankruptcy and Your House

We have not received feedback from people we have administered bankrupt estates for that they have not been able to source a rental property while bankrupt. The most important thing is to have good rental references and anticipate that it may take a little bit longer than normal to source the rental.

There may be a few real estate agencies that have a policy of not renting to people who are bankrupt. For most agents, bankruptcy is not an issue, after all, bankruptcy has cleared your unsecured debts so you will be in a stronger position than most other people who do have debts. If you have a good rental history and have the capacity to pay the rent, then renting will not be an issue for you. If you have a poor rental history, it will be harder to rent a place to live whether you are bankrupt or not. It is important that you maintain a good rental history.

For further information on bankruptcy, we recommend our articles ‘Pathways to Bankruptcy – Essential Facts’, ‘Life During Bankruptcy’ and ‘The Bankruptcy Option Explained’.

Nicholls & Co have a complementary ‘help desk’ to answer your questions on bankruptcy. Call Nicholls & Co on 1300 060 122 or email helpdesk@nichollsco.com.au.

Alan Nicholls - Registered Trustee

Alan Nicholls’ no obligation help desk

Nicholls & Co provide a free, no obligation ‘help desk’ for people considering bankruptcy – we discuss and explain bankruptcy and answer questions for anyone who is considering bankruptcy. The Nicholls & Co help desk can be accessed by phone  
1300 060 122  or helpdesk@nichollsco.com.au . Alan Nicholls, Registered Trustee in Bankruptcy is also available to answer your questions to enable you to decide if bankruptcy is right for you.