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Marianne Hansen

If I do a consumer proposal, I know that I must give up all c:redit cards. My question is:

If I have a credit card with no balance on it at all, must I give that card up?

Posted from: Ontario

One Response to “Marianne Hansen”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Yes, if you do a consumer proposal you must deliver all your credit cards to your trustee, regardless of whether there is any owing on that account or not. The only exception to this is if you have a card that belongs to a 3rd party (i.e. employer, spouse, parent etc.) and that 3rd party provides a letter to your trustee giving you permission to retain this card. But it must be a card that you are listed jointly on, it must be a supplemental card that only the 3rd party is responsible for.