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


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.

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