Thread: Credit File after bankruptcy

What right does a credit reference agency have to hold data on you post bankruptcy, since technically you no longer have any debt?

Surely the data should be wiped and if a financial institution wants to check you they can do so on the insolvency register?

They do have to register the bankruptcy. It drops off your file after 6 years though.

ivas stay on the insolvency register as long as the iva lasts,not 100% on this so someone can correct me.

The CRA's have the right to hold bankruptcy data for 6 years. Bankruptcies, IVA's and CCJ's are public information. If it was as easy as getting bankrupt and then getting a clean record after discharge then no one would pay money back to the banks.