Getting a Credit Card
after Bankruptcy

    When a person goes into bankruptcy he has to hand in all his credit cards to the trustee. 

    After that person has been discharged from bankruptcy, he or she is often a good credit risk, since that person has no debt.  Regardless, a discharged bankrupt often has a difficult time getting a new credit card.

    An option is to request a "secured card" from your financial institution.  A "secured card" is a card backed-up or secured by funds you have deposited with the bank or credit union.  The card looks like a credit card, and acts like a credit card but will have a limit depending on the amount of money that secures the card.

    We are aware of the following Canadian financial institutions that offer secured cards:
     

If you have any questions, please do not hesitate to contact any of our professionals at

[HOME]