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

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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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Furniture has been paid in full in previous years

If there is furniture that has been already paid for in full in prior years before filing for bankruptcy, will these items still need to be included when filing for bankruptcy?

Posted from: British Columbia

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One Response to “Furniture has been paid in full in previous years”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You will not have any problems as long as the re-sale value of the property is less than the provincial exemption limit for household furnishings. In BC the limit is $4,000, but remember this is not replacement value but liquidation or auction value.