Personal Assets

January 23rd, 2006 by Questions

I am in Saskatchewan. If I claim bankrupty I understand that I can retain certain amounts of personal assets and assets required for my self-employment. It is also my understand that the amounts I am permitted are the value of these assets if sold in a garage sale, etc. How do I determine the amount for each item and how detailed does one get? Do you go right down to listing dishes, books, etc? Or will someone be coming into our home to do a review and they will determine the total value of our assests?

Yours assistance is appreciated.

Questions

One Response to “Personal Assets”



, A licensed trustee said:

If you are filing for bankruptcy in Saskatchewan, or anywhere else in Canada, you make a list yourself of your personal possessions. The trustee will then review the list, and if you have any items of significant value the trustee will request that you get an appraisal. Your personal bankruptcy trustee will be able to give you full details.

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