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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what will you loose

will you loose personal items..like furniture?

Posted from: Ontario

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One Response to “what will you loose”

A licensed trustee said...

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.