August 3rd, 2007 by Questions
Do I have to give all my credit cards that I have to the trustee when I declare bankruptcy? If i have 1 card that has $0 balance can I keep it? Is there a way that they can find out?
August 07, 2007 at 10:51 am, Barton Goth GCO Bankruptcy Trustees said:
Uner the Bankruptcy and Insolvency Act you are required to give all credit cards to your trustee unless:
1. you currently have a zero balance on the card; and
2. you get written permission from the lending institution to retain the card in question.
Otherwise you have no choice and must forfeit all credit cards.
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