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”
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August 03, 2010 at 3:51 pm, 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.