Bankruptcy Consequences when you are bankrupt.
A bankruptcy consequence is the bankruptcy will remain on your credit files for 7 years, although your discharge will be noted. Many lenders will reject your application for finance. If you want something expensive, you may have to save for it. This record will limit your options for employment – some money-handling jobs require a clean credit record, for example.
Your name will also appear on the publicly accessible database of the Insolvency and Trustee Service for 4 years after you are discharged.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.