Details of your bankruptcy will remain on your credit file for 6 years from the date the court makes you bankrupt. This means that your bankruptcy will continue to affect your credit rating for some years, even after you have been discharged from it.

It will be difficult for you to apply for a loan or other credit, such as an overdraft, during the 6-year period following your bankruptcy.

Bankruptcy information

Bankruptcy is not the best solution for everyone and can affect your home and employment, as well as your ability to get credit. If you are considering bankruptcy as a way of dealing with your debt problem, make sure you get some free, expert advice first, as there could be a better solution for your circumstances.

Visit CCCS Debt Remedy, our online debt counselling service, for an assessment of your situation and advice on the best way forward for you.