Bankruptcy Exemptions in Saskatoon, Saskatchewan

When filing for personal bankruptcy in Saskatoon, most of your assets will be liquidated by your bankruptcy trustee. However, assets listed as bankruptcy exemptions in Saskatchewan you will be permitted to keep. The following is the information on bankruptcy exemptions in Saskatoon bankruptcy filings:

1. Household furniture and personal effects up to a value of $4500 per person.
2. Necessary clothing
3. Tools of the trade up to a value of $4500
4. One motor vehicle of a reasonable value, if required for your trade, calling or profession
5. Equity in a principal residence up to $32000 per titleholder
6. Substantially all registered retirement plans
7. Certain life insurance policies
8. The home quarter, if a farmer.

List of exempted items may differ in various areas of the province, so it is crucial that you consult a bankruptcy expert for a detailed list of bankruptcy exemptions in Saskatoon, Saskatchewan. Please contact our bankruptcy trustee office in Saskatoon today to arrange for a free initial consultation in less than 24 hours.