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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.

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One Credit Card During Bankruptcy For Emergency?

Is it somehow possible during bankruptcy to keep one credit card in case of emergency and/or to use when credit cards are a necessity (booking a flight/hotel room, for example)? Thanks.

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One Response to “One Credit Card During Bankruptcy For Emergency?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

There are two ways you are able to retain a credit card during bankruptcy. First, if you have a zero balance on the card and are able to get the credit card issuer to write a letter verifying that they are willing to allow you to retain this card during the bankruptcyprocess. The other way is to obtain a secured credit card from an organization like Capital One or Home Trust after you have filed a bankruptcy. For more information on this please contact licensed trustee in your area.