Credit Card that had a zero balance

August 25th, 2008 by Questions

If I filed a consumer proposal and then realized that there were some `old` credit card accounts which I had been inactive, yet never officially cancelled (and forgotten about, therefore not disclosed on the CP) can I `reactivate` the account and use it while still under consumer proposal? I`m wondering if it is allowed or should I just cancel them.

Posted from: Ontario


One Response to “Credit Card that had a zero balance”

, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

I wouldn’t suggest you re-activate any of these cards. Technically any card that existed needed to be turned over to your trustee upon filing, so re-activating them could be seen as questionable. The best thing to do is to simply cancel those cards.

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