October 14th, 2008 by Questions
After a person has filed bankruptcy, gave his car to the trustee, can that person purchase a used car for a couple of hundred dollars or could that vehicle be seized?
Posted from: Ontario
One Response to “Vehicle”
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October 15, 2008 at 9:10 am, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:
There is no problem with you purchasing a used car. The only recommendation is to keep the equity value under the amount that is allowable in your province.