Personal Bankruptcy Forum

Author:   mandbpfe
Date:   March 22, 2002
Question:  

Is it possible to recieve financing to take over an existing business after being released from personal bankruptcy?

 


From:
 

Ann Clarke, Collins Barrow Limited
Date:   March 26, 2002
Answer:   There is nothing to stop you from being financed if you are able to find a lender willing to extend credit. The fact that you have been bankrupt, however, will show up on your credit record for 6 years after you have been discharged.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca




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