# What is the exact timeline after bankruptcy or consumer proposal?

> Discharged bankruptcy: A-lenders typically require 2+ years post-discharge with 2 re-established credit accounts active for 12+ months.

Category: Qualification
Last verified: 2026-02-18
Source: https://ratellow.com/faqs/qualification/what-is-the-exact-timeline-after-bankruptcy-or-consumer-proposal

## Answer
Discharged bankruptcy: A-lenders typically require 2+ years post-discharge with 2 re-established credit accounts active for 12+ months. B-lenders may consider immediately post-discharge with strong income and down payment. Consumer proposal: A-lenders vary — some require completion + 2 years, others consider during active proposal with strong compensating factors. B-lenders typically require 1 year post-completion. Second bankruptcy: minimum 5+ years, often private-only for first 2-3 years.

## Related guide
- https://ratellow.com/guides/credit-repair-mortgage-readiness

## Sources
- FCAC Consumer Credit Protection — https://www.canada.ca/en/financial-consumer-agency/services/industry/laws-regulations/guideline-existing-mortgage-loans-exceptional-circumstances.html#toc1
- CMHC Credit Score Requirements — https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/factsheets/new/cmhc-quick-reference.pdf