Vehicles And Bankruptcy

2008-07-21

Hello, Bankruptcy does not interfere with secured creditors.  If you are not behind in your payments it is likely that the secured creditor will allow you to continue with the payments and therefore you would not lose the car. In Manitoba you also have a $3,000 equity exemption for a vehicle provided you are working. The exemption applies to the bankruptcy estate and does not prevent a secured creditor from enforcing their security however if there is no equity in the vehicle (and/or it is fully secured) you should be able to keep it. For more information contact an MNP Trustee in your area. Brad Milne Trustee in Bankruptcy Brandon, Manitoba

Latest Blog Posts

2025-10-06

Ontarians face ‘heat or eat’ decisions as financial strain deepens

Caryl Newbery-Mitchell

MNP Consumer Debt Index

Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

Read More

2025-10-06

Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency

Pamela Meger

MNP Consumer Debt Index

The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency. 

Read More

2025-10-06

Albertans face ‘heat or eat’ decisions as financial strain deepens

Lindsay Burchill

MNP Consumer Debt Index

Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

Read More

Consultation icon