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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

Disability vehicle exemptions

Hello, I’m physically disabled. Due to this, I’m worried about not being able to exempt my vehicle when filing for bankruptcy. I depend on this vehicle to allow me to buy groceries and travel to physicians. Are there any special circumstances that would allow me to exempt my vehicle due to my physical disability? Thanks […]

Car Loan/ RESP

I have a vehicle and I am confused whether I get to keep it or not. I am on a 5 year term and half way through it. Does it get repossessed? If not, do I get to keep the vehicle without making the payments once I go bankrupt? Also, I have 4000 in RESP […]

2 Cars – 1 Loan

We consolidated our 2 vehicles a while ago to one loan of $40000 and the bank put a security on both vehicles. We live out of town and both commute to work at different times. If we claim bankruptcy will we be able to keep our vehicles? Posted from: Saskatchewan

residence outside of canada

How does bankruptcy affect property owned out of Canada, ie. united states ? Posted from: British Columbia

Can I keep my car?

Hi, I have a secured car loan for $15,000 and the car is valued at approximately $14,000. If I go bankrupt to claim my mastercard, can I keep my car and car loan? Posted from: British Columbia

bankruptcy

How much do they take off your wages to pay your bankruptcy or is it a % Posted from: British Columbia

questions???

If I go bankrupt do I have any control over my paycheck or am I given an “allowance” per month to live on? Posted from: Ontario

my truck

I have a truck and its already paied for and i dont want to loze it i also use it to make money here and there Posted from: Alberta

House

We refinanced our home 2 years & have a mortgage that is much larger than our house is worth. We currently do have it up for sale, however to be able to sell it, the price is far too high. We don’t want to stay living here or keep our house. After a failed restaurant […]

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