If I have been declared bankrupt in the past can I still get credit in Canada?

Expert Info

on 21 May 2016

We have unfortunately gone through bankruptcy in our past and we were wondering if it will effect our credit in Canada or will we be given a new line of credit? Thanks

Anonymous (not verified) on 23 May 2016 - 07:48

Where were you declared bankrupt?

Anonymous (not verified) on 21 May 2016 - 21:32

IF any of the credit was for companies in Canada, it will. Mostly though you will have new credit when arriving in Canada that will likely not encompass are reflect your credit history in another country.

anewstart072310 on 23 May 2016 - 23:03

We declared bankruptcy in colorado of 2012. Why?

MaryClark on 26 Jul 2016 - 15:29

Your current situation will affect the decision more - your salary, stability, current assets. Getting mortgage will be most complicated form of credit. But even if you get refused for credit in bank, you can still take one from private lenders companies. Tones of them. It will be just more expensive.

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