Comments on: bankruptcy and iimpact on credit http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/bankruptcy-and-iimpact-on-credit.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bart Goth, Trustee in Bankruptcy http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/bankruptcy-and-iimpact-on-credit.html/comment-page-1#comment-383 Bart Goth, Trustee in Bankruptcy Tue, 30 Jun 2009 14:32:31 +0000 http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/bankruptcy-and-iimpact-on-credit.html#comment-383 The impact on your credit as a result of filing for <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> is that you will have an R9 listed with the credit bureau for 6 years from the date that you are <a HREF="http://www.hoyes.com/effects-of-bankruptcy-discharge.htm" rel="nofollow">discharged</A>. This is the maximum time that the R9 will be registered as long as we are talking about a first time bankruptcy, multiple bankruptcies are a different story. It is also important to recognize that this is worst case scenario, with a little effort it is possible to <a HREF="http://www.bankruptcy-canada.ca/creditRepair.htm" rel="nofollow">repair your credit</A> significantly quicker than this, although it does take a little bit of effort on your part. The impact on your credit as a result of filing for bankruptcy is that you will have an R9 listed with the credit bureau for 6 years from the date that you are discharged. This is the maximum time that the R9 will be registered as long as we are talking about a first time bankruptcy, multiple bankruptcies are a different story.

It is also important to recognize that this is worst case scenario, with a little effort it is possible to repair your credit significantly quicker than this, although it does take a little bit of effort on your part.

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