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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WILL I LOSE MY VECHILE

My husband and I are Separated and we both have a car my is a 1999 grandprix and his is a 2004 grandprix. I am presently unemployed and looking for work and need the car. Will I lose the car. I am not sure if I signed on the application for the credit cards if I have not due I have to file for bankruptcy

Posted from: Alberta

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One Response to “WILL I LOSE MY VECHILE”

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

As long as each of you has less than $5,000 equity (market value less any loans against ) in each of your vehicles, then you shouldn’t have any difficult keeping your vehicles. According to the Civil Enforcement Act of Alberta, each debtor is permitted to have a vehicle with up to $5,000 equity. So from the sounds of it you have no need to worry.