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Let me start by saying, bad things happen to good people. The reasons for a bankruptcy or Consumer Proposal are not important at this time. It already happened and now it is time to move on and rebuild. We want to help.
A bankruptcy will show up on your credit bureau for 6 years after the date of discharge. 3 years from the date of discharge for consumer proposals or orderly payment of debts (OPD). When it comes to getting a mortgage, credit is one of the most important things a lender is looking for. Specifically, how you have paid your debts in the past. If a bankruptcy is still showing up on your credit bureau, in the lenders eyes, that is derogatory credit regardless of your credit score. So our job is to mitigate the previously bruised credit by helping you rebuild new credit to show you have changed your habits and the lender can now trust you to make your payments on time and not default.
Read » Rebuilding Your Credit After Bankruptcy or Consumer Proposal



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