Second time

September 1st, 2011 by Questions

Is your credit ratin effected for 14 years, as opposed to 7, if this is the second time a formal proposal has been submitted?

Posted from: Ontario

Questions

One Response to “Second time”



, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The result of a consumer proposal is listed at 3 years from completion. There is nothing listed with Equifax or TransUnion that suggests this changes with a second proposal. As far as I am aware the 14 years applies to a second bankruptcy, not a proposal.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)