what will you loose

will you loose personal items..like furniture?

Posted from: Ontario

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.