Question: If your consumer proposal is accepted, you pay off credit cards and such, do you keep your cards, or do the card issuers want them cut?
Thanks!
Answer: When you file a consumer proposal you give up all of your credit cards; they are cut up and sent back to the credit card companies. In order for the proposal to be successful it is important that you do not incur any additional debt, which is why you lose your credit cards.
