FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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2 Vehicles

My husband and I will need to declare banruptcy. We both own vehicles that have a combined value of $5000.00. I use my car to communte to and from work. My husband does not work due to disability. He uses his vehicle to go to medical appointments. Would we be required to give up one of the vehicles? Thanks

Posted from: Alberta

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One Response to “2 Vehicles”

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

No, under the Civil Enforcement Act of Alberta each individual debtor is permitted a vehicle of up to $5,000 each. So if you both file for bankruptcy your vehicles would be considered exempt.