SOOO, let me get this straight, after the average discharge time of 9 months, and then we start repairing our credit , (by looking and checking up with Equifax that all things are reported correctly and is reflected correctly on our credit report) you are saying that we will eventually be able to get normal interest rates on unsecured credit cards and mortgage rates from our banks?  If that is so, why don't people know about this, everyone always says in our day to day lives that we would be doomed for mortgage rates and won't be able to get any reasonable or market interest rates for any type of loan after bankruptcy.  Sorry seems hard to believe, maybe because people never talk about this taboo subject.  I am considering to go bankrupt , I have no collectors calling me and still managing to pay my minimum payments on my line of credit and my 3 major credit cards , but after all that Im left with nothing and have to resort to using my line of credit and cards for day to day living. However, I am owing so much , that my debt to income ratio is way above 100%,(I owe about 4 times my yearly salary) I will never be able to pay this off and save money.  I am 33 , no mortgage , and no car, I live at home with family. and I am worried that I will never be able to own a home ever,  or a buy/lease a car that I need, I am not willing to pay the ridiculous interest rates for mortgage of 10-20% just because  my credit report in the future will say I've been bankrupt.

sooooooooooo if you saying that after repairing our credit in as little as 12 months after discharge we will be able to get the normal mortgage rates and normal credit card rates , and be treated as normal as possible like no bankruptcy has happend in our history, hahahah, then there is alot of hope and I would be alot more comfortable going ahead with bankruptcy.  If this is correct like you have conveyed above in your post above, then how long would it take for me to get normal rates and normal treatment at the bank if I try and succeed like you explained, what have you experienced with your clients, on average range 12months or 12 years or never?

Sorry to hijack this thread, but I googled for info and found this site.  Background -- I am Canadian and filed a consumer proposal 3 years ago -- it is now off my credit report.  2 years ago I purchased a vehicle through Toyota Credit -- $26000 loan with $10k down (at a terrible rate, but I had no choice at the time).  All of my other bills/loans -- student loans, cell phone bills and the above car payments are all on time on my credit report.  There is nothing negative left on my credit reports from the 2 companies.

Personal income is $120k/yr as self-employed, so equates to roughly $150k a year as a fully-taxed employee.

I have no debts except for the car loan (16k) and a very minor remainder on my student loans (less than 5k all tolled).

I have roughly $40k saved in an RRSP over the past 2 years at a current market value of roughly $30k.

I will be going to the bank next week to get an unsecured credit card -- they said this should be fairly easy given my income, etc.

How long should it take to get my credit to a high level -- where I will have banks competing for my mortgage rate?  I currently rent and will not purchase for 1-2 years because of the current market.  Will I have to put 20% down to get the best rate (excluding mortgage insurance factors) due to my past -- will lenders even have any indication of my past consumer proposal?

Thanks!