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personal bankruptcy

How many years after i file for personal bankruptcy will I get my credit back?

Posted from: Quebec

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One Response to “personal bankruptcy”

A licensed trustee said...

That depends on how you conduct your financial affairs after you have been discharged. If you have a reasonable income and are careful with your money you should be able to access credit in 2 to 4 years. It takes a few years to damage your credit – it takes a few to put it right again.

We usually suggest you apply for a secured creditor card after you have been discharged as a tool to help you rebuild your credit. Don’t get a prepaid card – these won’t help you rebuild. Ask whatever bank you are dealing with if they offer secured cards and how to get one.