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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car

Under what circumstances are you able to keep your car when you file for bankruptcy.
I need mine to travel back & forth to the hospital for medical reasons.

Posted from: Newfoundland and Labrador

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One Response to “car”

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

In your province the circumstances are not as important as the value of the vehicle. The property laws for Newfoundland and Labrador permit an individual debtor to have a Motor vehicle of a value of up to $2,000. This is irrespective of whether it is needed for medical reasons, employment etc.
So as long as your car is worth $2,000 or less (or has less than $2000 of equity in it) then you shouldn’t have any trouble keeping your vehicle.