What I Keep or Lose in Bankruptcy in Canada: Answers to Questions

Most Recent ‘What I Keep or Lose in Bankruptcy in Canada’ Posts

personal items allowed to keep

For items allowed to keep, what about personal items such as children`s toys, or basic camping equipment we own (eg: tent, mattresses, etc)? In Manitoba, what is considered `sentimental items`?

Credit Card in Bankruptcy

This may be a stupid question, but is there any way to keep a credit card during bankruptcy? I`m just having trouble with my student loan debt. I have no other debt, and my VISA card track record is perfect.

income tax debt

if i file for bankruptcy will this take care of income tax?

auto accident during bankruptcy

my truck was in an accident (the other guys fault) And his insurance company is writing my truck off. the Licensed Insolvency Trustee valued my truck at $5000 but the insurance co wants to write me a cheque for $14000 to replace it. do i get to replace it or do i have to give […]

Value of excempt items…

I reside in Ontario and see that you have outlined the following that are excempt in Ontario when filing for bankrupcy. -Furnishings $11,300 -Personal effects $5,650 -Tools of the trade $11,300 Who and How IS that value determined for each category ? Do I decide what the value is for items that are excempt ? […]

allowable exemptions

what is the allowable exemption in Ontario?

property or house oversea

I have a property in my name in Greece that my father left me. if i file bankruptcy can my property in Greece be touched.

locked in RSP with company

Hi there, I`ll declare bankruptcy soon, since my job has been relocated and I won`t have anymore job. I currently have some RSP with the company, and was told that these funds will be transfered out to any of my locked in RSP account (if I have one, if not the bank will open one […]

Zero Balance Credit Card – Declared Bankruptcy

I have a credit card with a zero balance. Would I have to surrender that card if I were to declare bankruptcy?

assets

If I sold my vehicle to my spouse so the car was in his name, would I then be allowed to keep it as it is a new car (2007) and well worth over the alotted amount

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