Originally Posted by SleazyDream

in manitoba you're allowed (it's different in every province and different in the USA)

all your rrsps
$4500 in home furniture and the like (auction liquadation value of the stuff)
$3000 equity in a car
$7000 in business equipment (used auction value)
6 months food and gasoline
all your cloths
all your pets

we discussed my online properties and came to an agreement on income instead of sale considering I would and legally could strip all the traffic out of them otherwise.

you're allowed just under $1900 a month for living expenses after business expenses and taxes. anything over that you have to pay 50% into the trustee for the estate. I've gone over ever month but I have the money to pay the trustee - it's done in a lump sum at the end of the bankruptcy.



apparently if i follow all the rules I'm allowed to apply for any automatic discharge in 9 months - which is about the end of march for me. The longest i can be in bankruptcy in Canada without major problems is 21 months on a first bankruptcy.

does that help?