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

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

Vehicles

Hello… I have 2 vehicles I checked the book-value for both. One is a Van – black book value = $4000 One is a Car – black book value = $1000 Will I be able to KEEP both cars if the total is less than $5600 ( I reside in Ontario ) if I file […]

Assets that I can KEEP…

I reside in Ontario. I see that in Ontario I am allowed to keep a – motor vehicle up to $5650 – Tools of the trade up to $11,300 Who and how is the value determined for both of these item. Does someone come to my house to see the motor vehicle and/or tools of […]

my house no equity

I have renegotiated my mortage at 95% to pay some debt ,as a result i have no equity left in my home,is it possible to keep my home if i declare bankruptcy. My mortgage payments are up to date, live in Ontario thanks

what do I loose

If I delacre bankrupcy will my paycheques be taken away from me too? Meaning iwll I jeapordize myself to loose ever ounce of income I have? Including emplyment insruance or maternity leave benefits I willbe receving this summer? When you declare bankrupcy in Ontario do you owe any money to anyone after the fact?

Exempt Property

I have 2 computers in my home, both are under the allowed limit .. in fact one is from 2002 and only worth 200 dollars now and the other is from 2004 and only worth 300 or so now, i have been told where they are not essential i may end up loosing them … […]

RESP – Is it affected during bankrupcy

Greetings… I am considering filing for bankrupcy if things in my life don`t change in the next 1-2 months. In the mean time, I was just curious to know the following : Will the funds in a RESP (for my daughter) be affected if I file for Personal Bankrupcy ? Thank-you very much

Investments on Behalf of Sisters

My sister-in-law will be declaring personal bankruptcy shortly. In 2000, two of her sisters had each given her $1,500 to invest on their behalf due to her investment knowledge at the time. My sister-in-law kept track of the various equities that she purchased and sold on their behalf. None of the shares are still being […]

abestos settlement

Is there an act in BC where if a person is in bankrupty and they receive an asbestos settlement that it is exempt from bankruptcy I was on the internet a few months ago and believe I read that but I can not find it again

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