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

"*" indicates required fields

Company

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

understanding bankruptcy – what do I keep if I go bankrupt?

I have been reading alot of the questions posted and can’t seem to find the answer to this one question. If my husband and myself file for bankruptcy do they take household items from you (ie television, furniture etc) our vehicles which are not new but paid for? I don’t quite understand what it all means.

Thank you

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “understanding bankruptcy – what do I keep if I go bankrupt?”

A licensed trustee said...

Certain items are exempt from seizure if you file bankruptcy – they vary from province to province so you should look for information that relates specifically to the province in which you live. For example, the applicable law in Ontario is called the Executions Act – this details what cannot be taken from you (unless you have pledged the items as collateral for a debt).