Joint Ownership

March 9th, 2009 by Questions

I`m considering filing bankruptcy in Ontario,because I have no income to pay my creditors. My question is, I own a vehicle worth $2000(free and clear) which I need to get to work (if employed), because I only work as an independent contractor and co-own one residence with two other family members.A total of three are on title to this property.All of my debt is unsecure (credit card debt). What will I lose in filing bankruptcy in Ontario? Most of this debt accumulated during my late teens.

Posted from: Ontario
from: Ontario

Questions

One Response to “Joint Ownership”



, A licensed trustee said:

You’ll be able to keep your car as its value falls below the $5650 allowed in Ontario. To find out all of the Ontario exemptions try going to http://www.bankruptcy-ontario.org. You’ll find all of the details there…

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