2025-08-01
How does filing for Bankruptcy affect your employment and salary?
If you are considering filing for Bankruptcy, it is important to understand the impact on your employment and salary.
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
2025-08-01
Three effective strategies to help you manage financial stress
Lifestyle Debt
Household debt ratios continue to break records across the country. And as more and more people are working to service that debt, many are unable to set aside savings for unexpected expenses.
2025-08-01
Transferring Assets Before Bankruptcy: Why You Should Consult a Trustee
Bankruptcy
If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.
