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The drawback is that credit is destroyed, making it difficult to obtain the funding needed for larger items such as cars or a mortgage. Fortunately, there are a series of steps that one can take to recover from bankruptcy in Canada after filing for Chapter 11, though it does of course take some time and effort.

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r a car loan or a Credit Card increase, which will allow you to continue payments for a second year, thereby giving yourself a solid two years of credit repair.


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I have heard that filing bad credit in Canada is like hectic job, but you have showed such a simple way, how can is this be possible.

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Thanks for providing such useful information. I really appreciate your professional approach. I would like to thank you for the efforts you made in writing this post. I am hoping the same best work from you in the future as well.


Yes, I agree with you.

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Very helpful info for those considering BK.

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