There are two main credit reporting agencies
in Canada, Equifax and TransUnion. Each agency has slightly different reporting standards,
although both are bound by the provincial standards.
Bankruptcy: A bankruptcy and all the debts addressed by your bankruptcy will be deleted
six or seven years (depending on your province) after your discharge. The time is increased
to14 years if it is a second bankruptcy. Consumer Proposals: Three years after your
final payment with a consumer proposal, the proposal and all debts included in it will
be deleted from your file. If your consumer proposal is not fulfilled, however, this fact
remains on your file for six years.