In Ontario you are allowed to keep furniture worth up to $11,300 if you file for bankruptcy – I have only every met one client whose furniture was worth more than that so you should be ok.
I should warn you that if you have pledged the furniture as security for a loan, this exemption does not apply. The folks that hold the loan have the right to take your furniture if you don’t pay them.
In Ontario you are allowed to keep furniture worth up to $11,300 if you file for bankruptcy – I have only every met one client whose furniture was worth more than that so you should be ok.
I should warn you that if you have pledged the furniture as security for a loan, this exemption does not apply. The folks that hold the loan have the right to take your furniture if you don’t pay them.