FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Comments

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Use of credit cards for business

During a consumer proposal, is the use of credit cards completely prohibited ? I am a sole proprietorship and I constantly need to use cards for travelling, etc.

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Use of credit cards for business”

A licensed trustee said...

As a general rule, you are not permitted to borrow from anyone while in a consumer proposal, unless they know that you are in a consumer proposal. Thus using credit cards during your proposal is not recommended.

If you require a credit card, you will either have to get permission from the credit card company, or perhaps have a friend or family member allow you to use their account (which of course means they are liable for your purchases on the credit card).