Question: I read that you can keep up to $6,000.00 worth of family assets.Does that include appliances….like tv,stereo,fridge,stove?
Answer: Yes, the list of bankruptcy exemptions in Quebec includes basic appliances.
For more information, or to review your specific list of assets before you decide to file bankruptcy in Montreal, we suggest you arrange a free initial consultation with a Montreal bankruptcy trustee.
Question: Hello, I am planning a consumer proposal, my question is will it affect my home mortgage or me owning my home in any way?
Mortgage is up to date but credit is starting to lag behind.
Thanks
Answer: In general, a consumer proposal does not affect an existing mortgage. In most cases if your mortgage is up to date the mortgage company will allow you to continue making payments on your mortgage. In fact, wanting to keep their home is one of the most common reasons for filing a consumer proposal.
However, to be sure, it is often advisable to confirm with your mortgage company that your mortgage will not be impacted before you file your consumer proposal.
