FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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Exempted property

Ihave been told my home equity is open to my creditors while my car is not. A source in Alberta suggests the opposite is true, that my equity in my home is off limits but my car is subject to seizure. What is true?

Posted from: New Brunswick

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One Response to “Exempted property”

A licensed trustee said...

Each provicne sets its own exemptions under the provincial Executions Act. Alberta has an exemption for house equity of $40,000. New Brunswick does not. Find a New Brunswick trustee and ask them to explain the exemptions that will apply to you if you file.