How many years does a bankruptcy stay on one's credit report if there have been two or more occurrences?

When an individual files for bankruptcy, the duration it stays on their credit report typically depends on the number of occurrences. In Canada, if a person has declared bankruptcy multiple times, the bankruptcy can remain on their credit report for up to 14 years. This extended duration acknowledges the increased financial risk associated with multiple bankruptcies and reflects the serious nature of repeated financial failures.

Given this context, the correct answer is aligned with the regulations surrounding credit reporting in cases of multiple bankruptcies. Individual bankruptcies generally stay on a credit report for six years from the date of discharge for a first bankruptcy and for 14 years for a second or subsequent bankruptcy. Thus, the impact on one’s credit report is more pronounced with repeated bankruptcies, leading to a longer reporting period.