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After bankruptcy you will have to work to re-establish your credit rating.
You can save some money, say $1000, go to the bank and offer to put the
money on deposit if they give you a loan. You then pay back the loan and ask
the bank to give you a favorable credit rating. You can also obtain a credit
card in the same way.
You will not want to approach a lot of banks as the requests may be reported
at the credit bureau and you don't want it to look like you are asking
everyone for money.
Also, in Alberta, you can assume a mortgage from the current owners without
having to qualify. Once you have paid on the mortgage for a year or two, you
will be establishing a good rating with that mortgage company.
Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com
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