If you declare Bankruptcy in British Columbia, you can keep: $12,000 equity in a principal residence in Greater Vancouver or the Capital Regional District; and $9,000 equity in all other areas of BC; $5,000 equity in one motor vehicle (but only $2,000 if you are behind in family support obligations); $4,000 in household furnishings; $10,000 in work tools; All necessary clothing and medical aids; and Property...
If you declare Bankruptcy in Alberta, you can keep: RRSPs, RESPs, RDSPs, most pensions in Alberta are generally exempt; Clothing (up to $4,000 in value); Household furniture and appliances (up to $4,000 in value); One vehicle (up to a $5,000 value); Tools and personal property you need to earn an income from your occupation (up to $10,000 in value); The equity in your principal residence (house or mobile home)...
If you declare Bankruptcy in Saskatchewan you can keep: Clothing, including jewellery that does not exceed $7,500; Required medical and dental aids; All household furnishings, utensils, equipment and appliances; Domestic animals kept solely as pets up to a value of $2,000; One motor vehicle not exceeding $10,000; Tools of trade (other than motor vehicle) required to earn income; Prepaid funeral services;...
If you declare Bankruptcy in Manitoba, you can keep: One motor vehicle, if necessary for work or transportation to and from work, not exceeding $3,000 in value; Furniture, household furnishings, and appliances not exceeding a total value of $4,500; Food and fuel necessary to family for a period of six months, or cash equivalent; Tools, implements, professional books, and other necessaries not exceeding a total value of $7,500...
If you declare Bankruptcy in Ontario, you can keep: Household furnishings and appliances not exceeding a total value of $14,180 For debtors engaged solely in the tillage of the soil or farming (i.e. farmers): not exceeding $31,379 for livestock, fowl, bees, books, tools and implements, and other chattels ordinarily used by the debtor in the debtor’s occupation For self-employed debtors: Tools of trade not exceeding $14,405...
If you declare Bankruptcy in Quebec, you can keep: Household possessions (such as household furnishings to the extent of $7,000 in Quebec, medical aids, personal items and tools or equipment required for the purpose of earning a living); RRSPs with the exception of any contributions made by the debtor within the (12) month period preceding the Bankruptcy; Cash surrender value of a life insurance policy provided the beneficiary...
If you declare Bankruptcy in Nova Scotia, you can keep: One motor vehicle up to a value of $6,500 or an amount of $6,500 if required for your employment and where there is not a loan outstanding specifically for the purchase of the vehicle ; Furniture, household furnishings and appliances used by a debtor or a dependent up to a value of $5,000 and where there is a not a loan outstanding specifically for their purchase; Tools...
If you declare Bankruptcy in Newfoundland and Labrador, you can keep: Motor vehicle of the debtor up to a value of $2,000; Appliances and household furnishings up to a value of $4,000; Clothing up to a value of $4,000; Sentimental items up to a value of $500; Debtor’s equity in principal residence as defined up to $10,000; Specified personal property used for earning income up to a value of $10,000; All...
If you declare Bankruptcy in New Brunswick, you can keep: One motor vehicle having a realizable value of not more than $6,500 at the time the claim for exemption is made, or not more than any greater amount that may be prescribed, if the motor vehicle is required by the debtor in the course of or to retain employment or in the course of and necessary to the debtor’s trade, profession or occupation; Furniture, household furnishings and...
