Do I need to wait before filing?

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wjefferson

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Do I need to wait before filing?
« on: November 17, 2017, 05:21:43 AM »
Hi,

I am considering filing a consumer proposal, however, I have used my credit cards recently. If I stop using them now do I have to wait three months before moving forward? Also, my credit cards are currently up to date with the minimum payments and Iíve never missed a payment (the minimums are now more than I can afford). Should I stop making the minimum monthly payments before filing for a CP? Any help is appreciated. Thanks.

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LT

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Re: Do I need to wait before filing?
« Reply #1 on: November 17, 2017, 01:37:10 PM »
My trustee told me I did not have to stop using my credit cards prior to a CP, as long as it was normal purchases.  She told me that I could not go max out all the credit cards, like buying 5 TV's! She told me that the courts take a dim view on things like that.

As always, contact a trustee and get their opinion. Rules may have changed since I filed.

 

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