Borrowing after personal bankruptcy in austria
In Austria it is possible to take out a loan after a private bankruptcy. Private bankruptcy is also known as consumer insolvency and is a procedure you can use to settle debts if you have become insolvent as a natural person. It is a legal process that is carried out by a court and is detrimental to your credit score.
However, after you have successfully completed the personal bankruptcy, it is possible to rebuild your creditworthiness and to take out a loan again. However, it is important to note that your lending decision depends on several factors, including your current financial situation.