Want to create an interactive transcript for this episode?
Podcast: DebtMatters Podcast
Episode: 50 - BC Bankruptcy Exemptions: What Assets You Can Keep
Description: Contrary to popular belief, you will not lose everything when you file for Bankruptcy. Each province has its own exemptions. The Bankruptcy law dictates which assets and how much equity you are allowed to retain. Licensed Insolvency Trustee, Derek Chase walks us through the BC Bankruptcy exemptions rules that allow some assets to be retained. He explains that the Bankruptcy asset exemptions are set to help people get a fresh financial start and not to cause hardship.Derek also explains:How the Bankruptcy process worksThe exemption amounts for homes, vehicles, and tools of the trade What k...