credit checks and background checks?

August 12th, 2009 by Questions

During and after my bankruptcy, what information can people access about it when they do a credit check or background check?

I assume it will show the bankruptcy on there, but does it tell them how much you went bankrupt for and other personal info like that? What will show up?

Posted from: Alberta


One Response to “credit checks and background checks?”

, A licensed trustee said:

During your bankruptcy all of the debts that were included in your bankrutpcy (assuming the lender is a member of the credit bureau) will still be displayed on your credit report. They will alos be graded an R9 – whihc is the code used to denote a debt has been included in a bankruptcy.

Once you’ve been discharged the fact that you filed for bankrutpcy may be displayed in the legal section of your credit report for up to 6 additional years. The individual debts will be listed until the creditors report that they have been discharged by the bankruptcy (a few months anyway…).

If you’d like a more detailed answer you should contact the credit bureaus directly and ask them for their polcies regarding bankruptcy and disclosure.

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