March 7th, 2011 by Questions
What if I have no assets, ie. no house, no vehicles etc?
Posted from: British Columbia
March 07, 2011 at 9:23 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
With no assets you really don’t have much to worry about as there is nothing that would be lost should you file a bankruptcy or consumer proposal. Now this realistically doesn’t change to much as due to the provincial exemptions available most people don’t loose anything, but regardless, this is not a concern for you.
Otherwiase you are best to talk things over with a local trustee and they will make sure you understand the process and what impact these options will have on your situation.
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