Filing for bankruptcy in Halifax requires you to surrender most of your assets to a trustee, in exchange for the elimination of your debts. However, you will be allowed to keep a number of items if you wish. A brief list of permitted items can be found below:
Clothing and household furnishings that are necessary for you and your family.
Fuel and food necessary for the ordinary use of your family
Grain and other seeds, cattle, hogs, fowl, sheep and other livestock necessary for the household use of you and your family.
Medical and health aids necessary for you and your family.
Farm equipment, fishing nets, tools and implements of, or other chattels, as used in your occupation, not over the value of $1,000.
A single motor vehicle not over the value of $3,000.
Exemptions may differ in some areas of the province, so it is highly recommended that you contact us to discuss the complete list of exemptions in Halifax.
If you're having financial difficulties and live in the Halifax area, complete the ask a question form to send us a message and
we'll get in contact with you.
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