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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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Personal Bankruptcy and Credit Cards

When filing for bankruptcy would I be able to keep a low limit ($2000.00) credit card for expenses that i currently incur for work related and required travel

Posted from: Alberta

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One Response to “Personal Bankruptcy and Credit Cards”

A licensed trustee said...

Nope – when you file you are required to surrender all of your credit cards to your trustee, even cards will a NIL balance. Your best option is likely to apply for either a prepaid card or a secured card. If you’ve got a family memeber that is able to help you, a supplementary card on their account might also work, but don’t ask for the card until AFTER you’ve filed.