Bancruptcy of individuals

At the end of the two-year limitation period

It can take time to rebuild your financial life after bankruptcy

Creditworthiness

• Bankruptcy affects your credit score and can make it more difficult to borrow money in the future.

Default register

• Insolvencies are registered on Creditinfo's default register for 2 years and have a negative effect for a certain period of time on the credit rating issued by the company.

• A commercial bank can record the bankruptcy in the business history.

Liability obligations

• Guarantees become active following a bankruptcy, which means that creditors will collect from those who have entered into guarantees for you.

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