Exempt Assets When Filing For Bankruptcy In Saskatchewan

2012-01-04   minute read

**Please note: As of May 28th, 2012, there has been a change in the exempt assets for non-farmers in Saskatchewan** Pleaseclick here to view these changesHousehold furniture and personal effects to a value of $4,500 per person;Tools of the trade to a value of $4,500;A motor vehicle, if required for employment;Equity in personal residence to a value of $32,000 ($64,000 if jointly owned) to a maximum of $128,000 if held by four parties;Certain life insurance policies;RRSPs, RRIFs and DPSPs are exempt from seizure.Additional ResourcesFor more information, pleasecontact me directly or consult ourBankruptcy FAQ. For farmers in Saskatchewanclick here and see below for details on exempt assets in other Provinces:British ColumbiaAlbertaManitobaOntarioQuebec

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