autos
my wife and my self are planning to file personal bankruptcy in ontario soon,we both have a car valued about a thousand dollars each with no amount owed,would we both be able to retain are cars as we need them to get to work
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Yes,you probably can provided that the cars are registered separately (one in your name, the other in hers). As long as their are no liens registered against either car and the cars are valued at less than $5,650 you should be ok.
The best way to be certain is to discuss the cars with your trustee before you file for bankruptcy – they will be able to give you a definite answer based on your situation.
Yes,you probably can provided that the cars are registered separately (one in your name, the other in hers). As long as their are no liens registered against either car and the cars are valued at less than $5,650 you should be ok.
The best way to be certain is to discuss the cars with your trustee before you file for bankruptcy – they will be able to give you a definite answer based on your situation.