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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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can i keep my vehicle if i go bankrupt

I am thinking of declaring bankruptcy what i need too know is if i can keep my vehicle it is my only means of getting too work the vehicle is a 1999 chevy blazer LS 4 door automatic, 4 wheel drive with 123,500 km on it

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One Response to “can i keep my vehicle if i go bankrupt”

A licensed trustee said...

The answer depends on three factors. First, what is the appraised value of the vehicle. Second, are there any loans registered against the vehicle, and if so, by whom.

Finally, the rules are different in each province, so we suggest you read our article on What I Get to Keep if I Go Bankrupt, and then contact a licensed trustee to review your specific situation.