Personal bankruptcy

Yes, you can get a loan after filing bankruptcy.

Your credit rating will make it difficult to get the best interest rates immediately following your bankruptcy discharge, but it is possible to borrow after bankruptcy.

Here's a suggestion...

Be patient. Take some time and rebuild your credit rating before applying for a loan. Otherwise you will probably pay a higher interest rate unless you wait a while.

If you are seeking a new mortgage during the first 2-3 years following a bankruptcy, be sure to shop around to get the most reasonable interest rate.

Ready to start rebuilding your credit rating?

Contact Deloitte for a free, no obligation and confidential bankruptcy consultation.