2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Credit Repair And Credit Cards After Bankruptcy
2012-03-16
Watch the video or continue reading below. When a person goes into bankruptcy he has to hand in all his credit cards to the trustee. After that person has been discharged from bankruptcy, he or she is often a good credit risk, since that person has no debt. Regardless, a discharged bankrupt often has a difficult time getting a new credit card. An option is to acquire a "secured credit card". A "secured credit card" is a card backed-up or secured by funds you have deposited with the financial institution. The card looks like a credit card, and acts like a credit card but will have a limit depending on the amount of money that secures the card. Using a secured credit card is a quick way to rebuild your credit rating after being discharged from a bankruptcy. For more information about secured credit repair and credit cards after bankruptcy, pleasecontact me directly or consult ourBankruptcy FAQ.
Latest Blog Posts
2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
