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 :
- Asset Exemptions in Newfoundland & Labrador
- Asset Exemptions in Nova Scotia
- Asset Exemptions in Prince Edward Island
- Asset Exemptions in New Brunswick
- Asset Exemptions in Quebec
- Asset Exemptions in Ontario
- Asset Exemptions in Manitoba
- Asset Exemptions in Saskatchewan
- Asset Exemptions in Alberta
- Asset Exemptions in British Columbia
- Asset Exemptions in Nunavut
- Asset Exemptions in NWT
- Asset Exemptions in Yukon
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.