Is Bankruptcy in Ontario Public Knowledge?

Who Will Know About My Ontario Bankruptcy?

Depending on your profession, reputation is a major factor in considering bankruptcy.

Many wonder whether it becomes a matter of public record when they file for bankruptcy in Ontario.

The short answer is that, yes, it does become a part of the public record.

This is because bankruptcy is technically a legal proceeding and anyone searching for it in the form of a background check can access the information.

The key sources for the data link with the Office of the Superintendent of Bankruptcy.

This database accounts for all bankruptcies on file which have occurred after 1973.

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770


The good news is that, in order to gain access to this information through the registry, a monetary fee is required.

Therefore, typically consumers won’t pursue the information.

However, corporations may access the data as a matter of procedure.

The majority of consumers are not aware of the database, but larger scale operations are both aware and have the means to investigate.

The second source of information related to your bankruptcy is your credit report.

In this case, consumers do not have access to the information unless explicitly granted the same.

However, any and all lenders have access to your credit report as a matter of policy and procedure.

Since it takes at least six years subsequent to discharge for the matter to be removed from your credit record, there is a large amount of time where the information will be available in this regard.

The good news is that there are many lenders who enable you to try and restore your credit score with options like secured credit cards.

This mitigates the negativity of bankruptcy on your file and makes you more desirable to lenders.

Over time, the issue will fade and you can reach the fresh start you sought with bankruptcy in the first place.

Canadian Bankruptcies

How to File for Bankruptcy
What is Bankruptcy?
Bankruptcy FAQs
How Does Bankruptcy Work?
What is the Cost of Bankruptcy in Canada?
How to Rebuild Credit Following Bankruptcy
Personal Bankruptcy in Canada
What Debts are Erased in Bankruptcy?

Find Your Personal Debt Relief Solution

Licensed Insolvency Trustees are here to help. Get a free assessment of your options.

Discuss options to get out of debt with a trained & licensed debt relief professional.