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.
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, three in 10 (29%) Saskatchewan and Manitoba residents acknowledge they need help to get out of debt.
