Bankruptcy Exemptions in Manitoba: What You Get To Keep When You Go Bankrupt in MB

The Executions Act and The Judgments Act

Statute: Click here to read the Executions Act
Statute: Click here to read the Judgments Act

Exempt Property

1. the furniture and household furnishings and appliances of the judgment debtor reasonably necessary for one household but not exceeding in value the aggregate sum of $4,500.
2. the necessary and ordinary clothing of the judgment debtor and the members of his family.
3. the food and fuel necessary for the judgment debtor and the members of his family for a period of six months, or the cash equivalent thereof.
4. the tools, implements, professional books and other necessaries, not exceeding in value the aggregate sum of $7,500, used by the judgment debtor in the practice of his trade, occupation or profession or to carry on his business
5. one motor vehicle not exceeding in value the sum of $3,000 where used in the course of or for the purposes of his employment, trade, occupation, profession or business or for transportation to and from his place of employment or business.
6. the articles and furniture necessary to the performance of religious services.
7. the health aids, including but without limiting the generality of the foregoing a wheelchair, an air-conditioner, an elevator, a hearing aid, eye glasses and prosthetic or orthopedic equipment, that are reasonably necessary for the health or mobility of the judgment debtor or a member of his family.
8. the actual residence or home, not held in joint tenancy or tenancy in common, of any judgment debtor, other than a farmer, where the value thereof does not exceed the sum of $2,500.
9. the actual residence or home held in joint tenancy or tenancy in common, of any judgment debtor, other than a farmer, where the value of the interest of the judgment debtor does not exceed the sum of $1,500.

Farm Property

1. all farm machinery, dairy utensils and farm equipment reasonably necessary for the proper and efficient conduct of his agricultural operations for the next ensuing 12 months.
2. all animals reasonably necessary for the proper and efficient conduct of his agricultural operations for the next ensuing 12 months.
3. one motor vehicle, if required for the purposes of his agricultural operations.
4. the seed sufficient to seed all the land of the judgment debtor under cultivation.
5. the farm land upon which the judgment debtor or his family actually resides or which he cultivates, either wholly or in part, or which he actually uses for grazing or other purposes, where the area of the land is not more than 160 acres.
6. the house, stables, barns, and fences, on the judgment debtor's farm, subject to above.

For more information on bankruptcy exemptions in Manitoba, and what you get to keep if you go bankrupt in Manitoba, please consult a Manitoba bankruptcy trustee.