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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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How are the things you own assessed by the trustee

How are the things you own assessed by the trustee? Ex: My 30 year old bedroom set – not on too bad shape I paid $800 for (in 1979) – how do they assess a value on this?
What about my wedding ring ?

Posted from: Saskatchewan

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One Response to “How are the things you own assessed by the trustee”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You will provide estimates to your trustee. If there is any issues surrounding those valuations the trustee will work with you to make arrangements to get any appraisals. Now this very rarely is necessary with things like household items, but can technically be necessary.