A common concern I hear from individuals contemplating filing for bankruptcy or a consumer proposal is, "Can I keep my car"? In most cases, yes. Watch my latest video to learn more.
Filing an assignment in bankruptcy can involve turning your assets over to a bankruptcy trustee. However, individuals going through bankruptcy are allowed to retain certain assets to maintain a reasonable standard of living. The assets you can keep in bankruptcy are determined by the law of the Province in which you live. In this video I describe the assets an individual can retain in a bankruptcy filed in British Columbia.