My husband has declared bankruptcy twice. Once when he was young and foolish, and a second time due to a very serious illness that prevented him from working for 2 years. I understand that a second bankruptcy requires that both the first and second bankruptcy stay on your credit history for 14 years. Would the 14 years be effective from the date of the 1st discharge for the 1st bankruptcy, or will both remain on the credit history from the date of the second discharge.

Thanks for your help.

We are advised by the credit bureau that a first bankruptcy remains on a record for 6 years after discharge, then drops off. The second bankruptcy would remain on record for 14 years after discharge. I don't believe specific information on the first bankruptcy shows up on the second filing but you'd need to confirm that with the Credit Bureaus.

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