Bankruptcy Advice from the Horse’s Mouth

Will bankruptcy permanently prevent me from obtaining a housing loan?

No, bankruptcy will be removed from your credit record after five years from the date of bankruptcy, or two (2) years from the date of discharge, whichever is longer. Once this happens, you can expect your bank to apply their normal criteria when assessing your eligibility for a loan. If you have any questions on … Read more

Will bankruptcy be permanently on my credit record?

No – Credit reporting agencies are only permitted, under privacy legislation, to maintain a record of bankruptcies for up to five (5) years from the date of bankruptcy, or two (2) years from the date of discharge, whichever is longer. If you have any questions on bankruptcy, call 1300 060 122 or email your question … Read more