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

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*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.

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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.

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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.

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Home Assets

I am permited 4500 worth of household assets that I can retain. If my assets are worth more than this will the trustee take some of these assets, or will I be told that I must pay to my trustee the difference between what my assets are worth and what I am permitted?

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One Response to “Home Assets”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

You should be able to make arrangements with your trustee make payments on the assets over a period of time. Confirm this with him prior to signing any documents and make sure you get this in writing.