August 14th, 2009 by Questions

if you file Bankruptcy can you keep your house and cars

Posted from: Ontario


One Response to “house”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

When you file for bankruptcy, the property you get to keep is determined by the amount of equity you have in the property (i.e. market value of property less any loans against that property) and the exemptions allowable in your province.

For a list of the exemptions in Ontario you can either reference the following link (Ontario exemptions) or contact a local trustee directly.

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