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
One Response to “Credit card”
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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.