What Happens To My Assets In A Bankruptcy

2008-12-16

Certain things you own are protected in a bankruptcy, meaning that you are entitled to keep them and you will not lose them in a bankruptcy.  Please go toexempt assets  to see what is protected.  If you owe money on an asset - for example your mortgage - you will have to continue paying that debt if you want to keep that asset.  Judy Scott - Meyers Norris Penny Limted Vancouver - Port Moody - Abbotsford 604-468-1335   -   1-866-568-1335 [email protected]

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