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
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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.