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1 Bankruptcy and a Consumer Proposal

I filed in 1999 for a first bankruptcy and was immediately discharged. There was no record in the credit bureau report regarding this. Now I see an R9 for a consumer proposal that I am paying off on my credit bureau file. Will the first banktruptcy appear again on my credit bureau file because I filed a consumer proposal in 2011? I am well ahead of my scheduled payments on the consumer proposal so why is my credit bureau rating an R9 and not an R7?

Posted from: Ontario

One Response to “1 Bankruptcy and a Consumer Proposal”

A licensed trustee said...

I am at a bit of a loss – you cannot be immediately discharged from bankrutpcy. If you really did file in 1999 then you bankruptcy would have run at least 9 months. The fact that you filed would have appeared on your credit report for up to 6 years from your date of discharge – likely 2005.

I you have R9s appearing on your credit report now it is likley that one or more of your creditors has incorrectly reported 9s to the credit bureau, instead of the R7s they are supposed to use… If they bother you then I suggest you follow the dispute resolution process for celaning up issues with your credit report. You can find out about this process on both Equifax and Trans Union’s websites.