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What happens if your income changes after filing a Consumer Proposal
2009-09-24
Hello, Retention of credit information may vary somewhat by credit bureau and province. As noted on the TransUnion of Canada website, in the case of Manitoba a first time bankruptcy will remain on file for six (6) years from the date of discharge. If you declare bankruptcy on more than one occasion, each bankruptcy will be reported on file for fourteen (14) years from the date of discharge. A consumer proposal remains on file for three (3) years from the date you have satisfied the terms of the proposal. For more information on retention of consumer credit information, consult the credit bureau websites of Equifax and TransUnion of Canada. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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Learn how to plan, save, and budget for a vacation that fits your finances and avoids costly credit.
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More Canadians are facing financial pressure. Learn why seeking help with debt is a sign of strength, not failure.