credit card question

April 13th, 2011 by Questions

I am considering a consumer proposal or bankruptcy right now. I am just wondering about a credit card that I have that has nothing owing on it. May I keep it if I do either a proposal or a bankruptcy. If I can keep it, do I leave it unused until after my discharge?

Thank you and your site and information have made this whole nightmare much less scary….

Posted from: Ontario


One Response to “credit card question”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The only way you can retain this credit card is if you get a letter of permission from the lending institution. Otherwise upon the filing of a bankruptcy all cards must be either destroyed or delivered to your trustee, regardless of whether there is an amount owing on the cards in question.

And we are glad you appreciated this site, it takes quite a lot of time and energy by a number of people to keep it current.

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