mortgage after bankruptcy

September 16th, 2009 by Questions

Seven years after my discharge, if I go to apply for a mortgage, will my bankruptcy still be on my credit report? Or can I apply to have it removed? If it is removed, and the bank asks if I have ever been bankrupt, can I legally answer `no`?

Posted from: Alberta


One Response to “mortgage after bankruptcy”

, A licensed trustee said:

First things first – if you file for bankruptcy then at ANY TIME in the future someone asks you if you have filed, the answer will be YES. The fact that has been dropped from your credit report doesn’t change the fact that you filed.

If you fail to disclose the filing and for some reason you get into financial trouble again you may not be able to include the new debts (where you didn’t disclose the bankruptcy) in a new bankruptcy or proposal. By not disclosing the prior bankruoptcy you are misrepresenting your situation and that has the potential to get you into a lot of trouble if anything goes wrong…

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