Ontario Bankruptcy Exemptions (Assets you keep in a Bankruptcy)
Ontario Bankruptcy Exemptions (Assets you keep in a Bankruptcy)
http://ontario-bankruptcy-exemptions---assets-you-keep.ontario.province.canadian-trustees-in-bankruptcy.bankruptcy.tel
- Ontario Bankruptcy Exemptions are:
* Clothing - $5,600
* Household Goods - $11,300
* Tools of the Trade - $11,300
* Farmers - $28,300
* Motor Vehicle - $5,650
* Exemptions are in effect for all registered retirement savings plans (RRSP's, RRIF's and DPSP's (Deferred Profit Sharing Plans).
Contributions made in the 12 months prior to the date of bankruptcy will be recovered (clawed back) for the benefit of the bankruptcy estate.
