In BC, the exemptions are set out in the Court Order Enforcement Act. You are allowed to keep
• Household goods and furnishings up to $4,000
• Tools of the trade up to $10,000
• Equity in a motor vehicle up to $5,000 if there is no family maintenance debt
• Equity in a motor vehicle up to $2,000 if there is a family maintenance debt
• Equity in a home up to $12,000 in the GVRD and CRD $9,000 outside these areas).
skip to main |
skip to sidebar
Stephen Boale is a member of the Canadian Association of Insolvency and Restructuring Professionals ("CAIRP"), a licenced Trustee in Bankruptcy and a Certified General Accountant. Before joining Boale, Wood & Company Ltd., Stephen spent ten years practicing exclusively on insolvency matters with a big four chartered accountancy firm, and was previously an Official Receiver with the Office of the Superintendent of Bankruptcy.
Blog Archive
Labels
- alternatives to bankruptcy (2)
- bankruptcy (9)
- bankruptcy and insolvency act (3)
- bankruptcy canada (1)
- bankruptcy consultant (1)
- bankruptcy court (1)
- bankruptcy in canada (1)
- bankruptcy vancouver (7)
- business liquidation (1)
- Canada Student Loan (2)
- consumer proposal (6)
- credit report (3)
- creditor protection (1)
- debt consolidation (2)
- debtor (2)
- debts (3)
- declare bankruptcy (4)
- discharge (2)
- financial problems (1)
- GSA (1)
- individual bankruptcy (2)
- insolvency (1)
- insolvency consultant (2)
- insolvency trustee (1)
- insolvent (1)
- proposal to creditors (6)
- receiver general (1)
- revenue canada (3)
- secured creditors (4)
- trustee (4)
