FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Facebook

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

bankrutcy exemptions.

I looked at what was exempt in my province if I choose to go bankrupt.You are allowed to keep approx 5000 in my province .With bankrutcy ,I can keep my personal belongings up to the 5000.If I dont declare does it mean my things can be seized. I have nothing of any real value .I estimate my belongings are below 5000 .My income is extremely low and I probably couldn’t afford to go bankrupt.Any advice would be great.

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “bankrutcy exemptions.”

A licensed trustee said...

The provincial exemptions apply to your creditors whether or not you file bankruptcy. Basically, the government has established minimum values for a reasonable standard of living and unless you volunatrily waive those limits (by pledging your furniture as collateral) then they cannot be touched by you creditors.