Buying Back Vehicle From Trustee
November 30th, 2011 by Questions
My only vehicle is worth about $7K and I believe that the Ontario vehicle bankruptcy exemption is $5,650. I have no other assets or no surplus income. When I go bankrupt can I pay the trustee the $1,350 difference over time so I can retain the vehicle? If this is the only money the trustee collects, will it be used to offset his fees before any disbursement to creditors?
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)