unemployed, living on savings

December 17th, 2009 by Questions

Hi there. I am unemployed and living on savings (looking for work and attending school). I am living on my savings, but am running out. How much money can I have (and keep) when I go bankrupt?

Posted from: British Columbia


One Response to “unemployed, living on savings”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

When you file for bankruptcy you are entitled to keep enough money to cover your typical monthly cost of living. Any savings is considered to be a non-exempt asset that must be distributed amoung your creditors.

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