2025-06-30
How do I respond to creditors?
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.
How Long Does A Bankruptcy Last On Your Credit History
2011-12-08
The general rule is that a fact remains on a person's credit history for six years. So the fact of a bankruptcy will disappear six years after an individual is discharged (released) from their bankruptcy.Exceptions to the Rule There are two exceptions to this rule: a) a second or subsequent bankruptcy will stay on a person's history for fourteen years b) aconsumer proposal will be removed three years after it is completed These rules are based on Ontario law, but the two large Credit Bureau's in Canada (Equifax andTransUnion) both follow them nationally. There are a few small credit bureaus in Canada who may follow their own provincial rules. For more answers on personal bankruptcy, please consult ourBankruptcy FAQ orcontact me directly.
Latest Blog Posts
2025-06-25
How to budget for inflation
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-19
Options to consider if you can’t pay back your student loans
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
