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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Using credit before bankruptcy

Due to recent family changes, I may have no choice but to file for bankruptcy despite having good credit.

If I use my credit cards/line of credit to purchase a freezer meat package or to stock up on other food and essential items (e.g. baby formula, diapers, etc) will this cause me problems if/when I file?

Posted from: Ontario

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One Response to “Using credit before bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The best advice is that once you know you are going to have to file for bankruptcy you should stop using your credit cards. It is not appropriate for you to put items on credit when you know a bankruptcy is imminent and doing so can result in complications with your bankruptcy.