Credit card

May 28th, 2010 by Questions

Can I keep one credit that is in good standing and not included if I file a consumer proposal to be used in case of emergency? Thanks.

Posted from: British Columbia

Questions

One Response to “Credit card”



May 29, 2010 at 10:48 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

When filing a consumer proposal the only time you are able to retain a credit card is if

(a) the credit card was issued to a third party (e.g. employer, spouse, friend, parent); and

(b) the trustee has confirmation that the issuer or the third party has authorized you to continue to possess and use the credit card.

In all other cases when a consumer proposal is filed it must be delivered to your trustee.

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