Bankruptcy Exemptions in New Brunswick: What Do You Get To Keeep in Bankruptcy in NB
Memorials and Executions Act
Statute: Click here to read the statute
Exempt Property
- the furniture, household furnishings and appliances reasonably necessary for the debtor and his family.
- the necessary and ordinary wearing apparel of the debtor and his family.
- all necessary food and fuel for the debtor and his family for three months.
- two horses and sets of harness, two cows, ten sheep, two hogs and twenty fowl, and food therefore for six months.
- any tools, implements and necessities used by the debtor in the practice of his trade, profession or occupation having a cumulative market value of not more than $6,500
- one motor vehicle having a market value of not more than $3,000, if required by the debtor in the course of or to retain employment or in the course of and necessary to his trade, profession or occupation.
- seed grain and potatoes required for seeding and planting purposes to the following quantities: forty bushels of oats, ten bushels of barley, ten bushels of buckwheat, ten bushels of wheat and thirty-five barrels of potatoes.
- dogs, cats, and other domestic animals belonging to the debtor.
- medical or health aids reasonably necessary to enable the debtor or any member of his family to work or to sustain health.
- certain government annuities.
For more information on exemptions in bankruptcy in New Brunswick, and what assets you can keep if you go bankrupt in New Brunswick, please consult a New Brunswick bankruptcy trustee.