Free Consultation

supplementary card and filing bankruptcy in Canada

I`m confused about the effect of bankruptcy on a supplementary credit card holder. If I am the primary cardholder and the supplementary card holder has paid off any charges they incurred before I go bankrupt are they free and clear? Or are they somehow held responsible. PS they have a seperate card number and did not sign anything.

Thank you!

Posted from: British Columbia

One Response to “supplementary card and filing bankruptcy in Canada”

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

Typically speaking a supplementary card holder is not responsible for the card, they simply have been issued a card on your account. However, sometimes, depending on how the card company has worded the agreement, the supplementary card holder can be held responsible for any purchases that were made on that supplementary card.

As a result, if you file for bankruptcy the supplementary card holder would be responsible for either nothing, or in some instances for the purchases they made on their supplementary card.