2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
2012-01-04
Watch the video or continue reading below. Equity in a home in Greater Vancouver and Victoria = $12,000. In the rest of the province = $9,000;Equity in Household items = $4,000;Equity in a vehicle = $5,000; The vehicle exemption drops to $2,000 if the debtor is behind on child care payments (to facilitate the enforcement of Maintenance Orders)Equity in work tools = $10,000;Exemptions are in effect for all registered retirement savings plans (RRSP's, RRIF's and DPSP's (Deferred Profit Sharing Plans);Contributions made in the 12 months prior to the date of bankruptcy will be recovered (clawed back) for the benefit of the bankruptcy estate;Equity in essential clothing and medical aids is unlimited.Additional Resources For more information, pleasecontact me directly or consult ourBankruptcy FAQ. Please see below for details on exempt assets in other Provinces:AlbertaSaskatchewanManitobaOntarioQuebec
2025-06-30
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
2025-06-30
Debt Solutions
Here are the four stages of debt collection you can expect.
2025-06-30
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.