How is the garage sale value of the furniture figured out? I mean, how is it decided what my couch and tv are worth? Do I just give an estimated figure or does someone come out to my apartment and take a look around at what I have?

2010-09-08

Author: Bradley Milne

The Trustee may attend the premises to determine a value, however, normally you would just itemize your household goods with the Trustee and an estimated value will be determined. In Manitoba there is a $4,500 exemption for household goods.

Bradley Milne

Bradley Milne

CIRP, LIT

Senior Vice President

Servicing: Brandon, Killarney, Portage la Prairie, Neepawa, Virden, Souris, Deloraine

Latest Blog Posts

2025-09-02

Side Hustles (MNP 3 Minute Debt Break)

Debt Solutions Lifestyle Debt 3 Minute Debt Break podcast

With rising inflation, increasing housing costs, and mounting daily expenses, many Canadians are finding that their paychecks no longer allow them to live as comfortably as they once did. Whether you're trying to pay off debt, save for a rainy day, or enjoy greater financial freedom, one option to consider is a side hustle.

Read More

2025-08-25

Owe the CRA money? Steps to help you get back on track

John Athanasiou

Owing the government money can be very intimidating as it's assumed the government has a limitless ability to collect the debt through any means necessary.

Read More

2025-08-05

How to budget when you’re unemployed

Lindsay Burchill

Bankruptcy Consumer Proposal

Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.

  • First steps to take when you become unemployed
  • Managing your expenses
  • Seeking professional help

Read More

Consultation icon