If you are an Ontario resident and you have declared personal bankruptcy for the first time, that fact may be reported by credit bureaus for ____________ years.
A)5
B)7
C)12
D)20
E)25

Question

Quizplus · Accepted Answer

When an Ontario resident declares personal bankruptcy for the first time, that fact may be reported by credit bureaus for up to 7 years. This can affect their credit score and ability to obtain credit in the future. It is important for individuals to understand the potential long-term consequences of declaring bankruptcy and explore all other options before making this decision.

If You Are an Ontario Resident and You Have Declared