Married Couple Declariing Bankruptcy at the same time

August 2nd, 2010 by Questions

If both myself and my wife declare bankruptcy separately are we each entitled to the $4000 personal property and appliances exemption?

Posted from: Alberta


One Response to “Married Couple Declariing Bankruptcy at the same time”

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

In Alberta the Civil Enforcement Act reads that each debtor is entitled to a $4,000 household items and personal property exemption. So you would qualify for $4,000 each should you file for bankruptcy.

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