bankruptcy exemptions

Bankruptcy Exemptions: Provincial Asset Exemptions in Canada

What assets are protected or exempt?

Bankruptcy Asset Exemptions in Canada

Many believe that when you file for bankruptcy, you lose ‘EVERYTHING’. However, this is not the case.   Each province and territory in Canada has it’s own exemption list which outlines how much you are allowed to retain for each of your assets in a bankruptcy

Here is a breakdown by Province & Territory :

For more information about bankruptcy exemptions, and how this may affect your personal situation, please contact us via the button below to book a free initial consultation with a Licensed Insolvency Trustee.

About Author

Mark Marshall BBA, C.I.R.P, L.I.T

Mark has been working in the Insolvency field since graduating from the University of New Brunswick with a degree in Business Administration (BBA). In 2012 Mark received his Chartered Insolvency & Restructuring Professional (CIRP) designation and attained his license as a Licensed Insolvency Trustee (LIT) in 2013.