2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
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
2025-10-06
Ontarians face ‘heat or eat’ decisions as financial strain deepens
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
