How Bankruptcy Works
Step 10: Rebuilding Credit After Brankruptcy
Life After Bankruptcy
Rebuild Credit for a Bright Financial Future
Other than debts excluded from your bankruptcy, after receiving your discharge, you are no longer legally obligated to repay the debts you owed when you filed for bankruptcy. If your debts were joint with someone, you declaring bankruptcy only means that you’re no longer legally responsible for what’s owed. The other person’s liability is not affected. This means that they still need to pay what’s owing. There are some things you need to know about credit after bankruptcy and how to build a bright financial future.
Rebuild and Fix Credit After Bankruptcy
Improve Your Credit Score or Credit Report
Creditors will know you filed for bankruptcy for at least 6 years.
Common Questions About Rebuilding Credit After Bankruptcy
Rebuild Credit After Bankruptcy – Manage Money and Stay Out of Debt
If you need more information about how to rebuild credit after bankruptcy you can contact us right now. One of our credit counsellors will answer your questions and provide you with guidance. If you’ve just gone through bankruptcy and need some emotional support and financial coaching, contact us for free credit counselling services. We will help you get back on track and show you how to manage money so you can avoid bankruptcy and financial trouble and keep it that way. You can have a bright financial future!
Credit After Bankruptcy
Once you’re discharged you can start rebuilding your credit, but stay out of debt. Here’s how.
What is Insolvency?
Insolvency in Canada is a legal last resort when you can no longer repay what you owe.
Options for Bankruptcy
Here are 6 times when filing bankruptcy might not be right for you. Know what to expect.