Comments on: Considering http://www.bankruptcy-canada.ca/bankruptcy/2008/09/considering.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 12:55:28 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/bankruptcy/2008/09/considering.html#comment-58187 Ted Michalos, CA trustee Wed, 01 Oct 2008 11:12:26 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2008/09/considering.html#comment-58187 If you want to keep your Ski-doo you will likely have to pay your trustee and amount equal to the value of your sled. Otherwise, your trustee will likely put it "up for sale" in order to raise cash for your creditors. Depending on your situation (ie how much yo owe versus how much you earn) you might want to consider a consumer proposal instead of bankruptcy. If you file a proposal you'll get to keep your sled... Contact a trustee in your area and give them a call - that's the best way to get started. If you want to keep your Ski-doo you will likely have to pay your trustee and amount equal to the value of your sled. Otherwise, your trustee will likely put it “up for sale” in order to raise cash for your creditors.

Depending on your situation (ie how much yo owe versus how much you earn) you might want to consider a consumer proposal instead of bankruptcy. If you file a proposal you’ll get to keep your sled…

Contact a trustee in your area and give them a call – that’s the best way to get started.

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