Can a Creditor Come into my House?

August 23rd, 2011 by Questions

I own a business and have several creditors including my landlord. I am considering filing for bankruptcy and wanted to know if anyone could come into my house?

Someone told me this could happen, but I wasn’t sure if this information is correct.

Even with an indemnity agreement which makes me personably liable, does that give them the right to come into my home and take my belongings which at this point is very little?

Posted from: Ontario


One Response to “Can a Creditor Come into my House?”

, A licensed trustee said:

There are provisions in the law that allow people to get a Court Order to enter your home, BUT in the 25,000 files our firm has handled I have never seen this done.

You will be required to disclose what you beleive the contents of your home may be worth as part of the process of filing for bankruptcy. In Ontario you are allowed to keep $11,300 worth of furnishings when you file for bankruptcy so for most people, their furniture is protected.

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