Your bankruptcy will stay on your credit report for six years, or until you’re discharged if this takes longer than six years. You will probably find it difficult to borrow money whilst bankrupt as lenders will do a background check on your credit profile. You are also obliged to tell lenders about your bankruptcy if you wish to borrow over £500. If you do manage to find someone who will lend money to you, you might find that they will charge you a higher interest rate as you will be seen as a high-risk customer. Even when your bankruptcy has been cleared from your credit profile, lenders are still allowed to ask if you have ever been bankrupt.