Court Order Enforcement Act
Statute: Click here to read the Statute
Regulation: Click here to read the Regulations
- necessary clothing of the debtor and the debtor’s dependants;
- household furnishings and appliances that are of a value not exceeding $4,000;
- one motor vehicle that is of a value not exceeding $5,000 if the debtor is not a maintenancedebtor under the Family Maintenance Enforcement Act and $2,000 if the debtor is a maintenance debtor;
- tools and other personal propertyof the debtor, not exceeding $4,000, that are used by the debtor to earn income from the debtor’s occupation; and
- medical and dental aids that are required by the debtor and the debtor’s dependants.
Principal residence of debtor
The principal residence of a debtor is exempt if the value of the debtor’s equity in the principal residence does not exceed:
- $12,000 if the debtor is a person whose principal residence is locatedwithin the boundaries of the Capital Regional District or the Greater Vancouver Regional District.
- $9,000 if the debtor is a person whose principal residence is locatedoutside the boundaries of the Capital Regional District or the Greater Vancouver Regional District.
What do I do now?
For more information on what properties you get to keep if you go bankrupt in British Columbia, and more details on bankruptcy exemptions in British Columbia, please consult a British Columbia bankruptcy trustee.