Bancruptcy of individuals

Credidworthiness

• Bankruptcy affects your credit rating, and it can take time to rebuild a good credit rating once bankruptcy has concluded.

Default register

• Bankruptcy proceedings are recorded on the Creditinfo default register for 2 years and have a negative impact, for a specified period, on the credit rating issued by the company.

Gurantee obligation

• Gurantee obligation become active following bankruptcy, which means that creditors will seek payment from those who have acted d gurantors for you.

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