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second bankruptcy – 14 years on credit bureau

can you tell me what year the law came into effect that when you have a second bankruptcy it stays on your credit for 14 years

Posted from: Ontario

One Response to “second bankruptcy – 14 years on credit bureau”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

All I can tell you is that it has been around since at least 1993. That is the year I began in this industry and I know it was this way prior, but I have no idea what year it was initiated.