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| Author: |
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John |
| Date: |
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April 25, 2003 |
| Question: |
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I just filed for banruptcy, and after the trustee meeting I found a credit card that I haven't used yet. Is it ok for me to use it or maybe I should wait sometime first, but I don't want to wait because I am afraid that it will be cancelled.
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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April 28, 2003 |
| Answer: |
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Bankruptcy law requires that all credit cards be turned over to the Trustee, even if the card had no balance. The only exception to this is if you have written permission from the credit card company to keep the card while you are bankrupt. If you use the card without permission you are committing an offence under Bankruptcy law. I'd suggest you turn the card over to your Trustee.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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