If you're having financial difficulties and live in the Regina area, call (306) 525-DEBT (3328) OR toll free at 1 800 961-DEBT (3328) today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
Bankruptcy in Regina, Saskatchewan allows you to protect certain assets from being liquidated. The list of permitted exemptions is below:
Household furniture and personal effects up to a value of $4500 per person.
Necessary clothing
Tools of the trade up to a value of $4500.
One motor vehicle of a reasonable value, if required for your trade, calling or profession
Equity in a principal residence up to $32000 per titleholder
Substantially all registered retirement plans. Certain life insurance policies.
The home quarter, if a farmer.
Exemptions differ throughout Canada, as they are regulated provincially, therefore it is important to discuss the exemptions with your bankruptcy trustee.
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