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Difference between revisions of "Dealing with Debt (10:V)"
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→4. Assets That May be Retained by the Bankrupt in B.C.
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The bankrupt may retain household furnishings and appliances valued at up to $4,000 and any other goods or property exempt from execution under provincial and federal statutes (COEA, s 71(1); Court Order Enforcement Exemption Regulation, B.C. Reg. 28/98; BIA, s 67(1) and relevant amendments). | The bankrupt may retain household furnishings and appliances valued at up to $4,000 and any other goods or property exempt from execution under provincial and federal statutes (COEA, s 71(1); Court Order Enforcement Exemption Regulation, B.C. Reg. 28/98; BIA, s 67(1) and relevant amendments). | ||
See [[Creditors%27 Remedies against Debtors (10: | See [[Creditors%27 Remedies against Debtors (10:III)#3. Exemptions from Seizure | Section III.B.3: Exemptions from Seizure]] for a list of what the ''COEA'' allows a debtor to retain. | ||
All RRSPs and RRIFs are exempt from seizure in a bankruptcy (except for contributions made in the year preceding bankruptcy). | All RRSPs and RRIFs are exempt from seizure in a bankruptcy (except for contributions made in the year preceding bankruptcy). | ||