Quote:
Originally Posted by d-null
when you file for bankruptcy in the u.s. what do you get to keep that the creditors can't try to get from you? house? car? etc? or is it all fair game?
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no idea - in canada every province is different.
here you get (if I remember right without looking it up again)
$3000 equity in a car (you can have a $90,000 car just no more than $3k equity in it)
$7000 biz equipment (used auction value)
$4500 household furniture (used auction value)
all your pets
all your RRSPs/pension
6 months food
6 months fuel
family hearlooms
plus $1870 a month after tax and biz expensis till you are released from bankrupsy.
first time it was 9 months to 21 months depending on how you handle the 9 months which means most were released at 9 months - just changed to 21 for everyone.
you have to file an expense report of all income in and out every month while in bankrupsy
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